RE:How can dividend be continued?So if you read the Companies February update(March 20th) the capital outlay has been front loaded for Q1 2023.
I would suspect that if there is to be continued weakness in WTI they may have to look at the dividend however in consideration of the spring breakup time frame(Capex reduction for the period),
We are coming out of traditionally weak oil demand time period I would expect that if there were to be a divi cut it should not happen until more capital is required in the feild and greater clarity on WTI going forward. Remember also that the refineries are now out of turnarounds and ramping up for the driving season.
This weakness in oil will not last into the coming months at the least. OPEC will also cut production if required. Oh lastly the differential is moving in the right direction.
I am not sure what all the insider selling is all about as of late so some uncertainty but as always.
JMHO
GLTA