Post by
mofwmofw on Aug 10, 2022 3:00pm
dividend
Oil up $91.84 and right now we are down to $13.70. Don`t understand how these markets work, but you would think after that news release, we would be well over $14. In for the long haul and the divi, so who cares but I just don`t understand who would be selling.GLTA
Comment by
Divypro on Aug 10, 2022 3:47pm
Bit of oil price fear in the market (Iran agreement?) and by missing the production target again some are not sure the dividend is sustainable if those two factors go south. Still a strong dividend and low payout ratio so I am not concerned but I can see why some way be worried.
Comment by
1condor on Aug 10, 2022 5:15pm
mofwmofw...FRU has always been an odd duck in the sector. No problem with the divvy...but the stock does trade oddly at times. Still not a bad place to place your money if you are bullish on the sector.
Comment by
Eastbank on Aug 10, 2022 6:51pm
Analysts were luke warm on Q2 results, albeit FRU handily beat street estimates. GLTA
Comment by
ANALOG GUY on Aug 10, 2022 6:59pm
Production was down, but lots of new drilling which will increase production going forward. Dividend is awesome but the question as always is "where's the Oil price going?"