RE:What we already knewNope, you math is wrong. The recent sale will clear the balance sheet and make things look good at a glance. Thats your sell op. They are a well run company and will keep that div as possible but you are doing no one any favors telling fibs and doing special math. Chances are oil goes back over $80 and all is well. But theres some gymnastics going on right now to maintain div. Which should be celebrated by shareholders but ignoring facts ... thats at your peril eventually.
lovehockey wrote: Capex at $3mln a month and monthly dividends of 12 cents a year is sustainable at these oil prices. With oil prices higher than what we had last quarter we will have this Surplus that can be used for Capex, increased dividends or buyback down the road.