RE:RE:RE:Dividend SafetyHeres another genius. Lets borrow money to pay the ''Healthy'' dividend. If you have to borrow money cut Capex while burning up 22 000 barrels per day of oil your ''Healthy'' dividend isnt very healthy.
As for oil prices we have been hearing the same b.s. for the last 10 years.Fundementals always say oili prices are going higher. Chinas reopening, Capex is not being done with low oil prices, demand is increasing. etc, etc. There ix always a hundred reasons that oil prices should be going up. Except when you look at a price chaet except for a couple of blips in 2014 and last year oil has been in the $50 to $60 range for the last 9 or so years and much lower before that. Not to mention that we have high interest rates, bank failures and major banks in trouble wihich is the reason oil prices have crashed as investors know what those things can do to oil demand.
Better to pay a smaller healthy dividend which is sustainable in the long run and does not choke the company as the current one does causing a loss of $4 million per month at current oil price while burning up 22 000 barrels of oil resources per day that will have to be replaced which costs money.Where does the money for that come from when you are already loosing $4 million per momth paying out a huge dividend?
If oil prices stay in this range or drop even more in the future the delusions of some on this board who cant seem to add very well will be quickly shattered.