Yield unimportant you say?!
Well that's an interesting comment
It's funny really, because when I look around at all the O&G stocks on my watchlist, I'm seeing dividend yields of 5-6% ... And I think that is very telling, and certainly worth looking at - certainly not meaningless
Dividend yield here is over 11%
Doesn't take too much to realize - especially with the comments here on the BB - that the stock has been shorted based on the noise surrounding the current short term (imo) wti/wcs paradigm created by the SPR Release last year, and the noise regarding your hoped for dividend suspension...
But here's the thing about the dividend yield - it shows that any potential dividend suspension is already priced into GXE , and I'm more than happy to buy here knowing the shorts are wrong about the Macro environment for mid to late 2023 and the recovery in WTI, WCS that is most certainly coming ... Sure, I could be wrong predicting an upside, but so could others predicting further downside
But dividend yields aren't meaningless, and your prediction of a dividend suspension is just that - your prediction...and your analysis, which seems based on one line item on the Gear presentation deck is neither thorough nor exhaustive of the business as a whole
Cheers to your day