RE:Borrowing money to pay a dividend I've been here since 2018, went through the cut and suspension, thought it might die or get sold off... When the turn around happened I doubled and over tripled my initial investment and still adding, tho now it seems to be by way of options, just because I'm well overweight and I'm playing a risk reward game on the options.
I agree that was a bad quarter, but I don't see it as a risk to the dividend yet. That will come when they pretty much stop new drilling due to oil cost and they are still needing to use debt to pay the dividend in a low oil environment.
If I didn't own it, yes, I would be buying, it's on my short list with a few other O/G names that seem to be low cost & high (potential) investor return plays. These are risky places to play, I've had a holding go under and 2 others long term holds have very large losses at the moment from the oil crash when I was catching falling knives with bare hands. You either have the stomach for the risk or you don't...