RE:Lazy dog....OR ..... This is a prime example of why no volatile cyclical commodity producer of any type should pay a dividend. It's pointless. It does nothing to protect when the sector is weak and it's a big ball and chain when it's time to drill baby drill. Same result for all the miners, energy, agricultural, chemical, forest products. The smart guys buy back stock when the sector is getting hammered, and build a war chest when it's smokin. Trouble is, you need a months to years time horizon, not days to weeks.