RE:Dividend expectationsI do not think a total dividend elimation is needed , last time I checked based on 40 WTI and capex of 50$ , they get a total payout ratio of 145% approx , so I think based on today's oil price and if that WTI price is sustained for the next month or couple months they can cut the dividend in half and that should be sufficient to bring total payout ratio under 100%
Yes if they get rid of dividend completly they will have even more cash to spend on capex or getting rid of debt some more but there is no need to do that yet