Bullboard - Stock Discussion Forum CONA RESOURCES LTD T.CONA

Energy Oil & Gas Integrated

"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."

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CONA RESOURCES LTD > Dividend Protected by Low Total Payout Ratio

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Post by OOU812 on Aug 16, 2017 8:31pm

Dividend Protected by Low Total Payout Ratio

"Compelling 7.1% dividend yield protected by best-in-class 77% total payout ratio"

Hard to believe that's from their latest presentation, pg 6.
https://www.conaresources.com/uploads/Documents/nbri-corp-may-2017.pdf

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Comment by xbox360 on Aug 16, 2017 11:21pm

That presentation was prepared by the former management. They are the ones who previously rejected the whole company takeover offer from Waterous at over $4, without notifying the shareholders and decided to buy back shares at $4 per share, without using the money to pay back the mounting debt. They have also cashed in their shares recently, look at the diluted shares number change. Former ...more

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