RE:RE:Coming to TermsI know management has not got a very good track record and I don't blame some share owners for feeling embittered. In hindsight it would have been prudent to hedge a portion of the sales.
But...getting the dividend cut out of the way sooner than later was a pay me now or pay me later situation. I believe they were wise to be the first out of the gate...others will start to do the same.
Baytex...ouch.
On the other hand, look at Enbridge. Another piece of trivia for those who care...during the gold rush the folks who made the most money were the suppliers of picks and shovels. The oil has to flow through the pipelines regardless of how much it is worth.