RE:RE:CNQ raising their dividend. CPG What about US?
I would rather have CPG paydown debt than increase a dividend.
More money for me if debt is paid down that is costing 6 to 9% for most producers. The more debt is paid down the more money going to capital expenditure to earn more especially in a time of rising oil prices or more to go to shareholder equity (money in the bank).
Silly to want another percent in dividends at the expense of continuing to carry debt costing 6 to 9 % or at the expense of not drilling another well that will earn over 100%.