Post by
CLOUDER on Jul 11, 2021 2:14pm
WELL
i wonder at what piont SGY reinstates the dividend?
Comment by
Rockyboy2015 on Jul 11, 2021 2:45pm
I'm thinking that all depends on the price of oil. Priority should be debt.
Comment by
Divinvestor on Jul 11, 2021 5:56pm
The company has said many times now that debt needs to come down and new barrels needed to come out of the geound on their Sparky property bwfore they look at a dividend. In saying that with thr pirchase of Astra and thier debt to cash flow ratio going down with that purchase, i would not be surprised to see a div back in place in first half of 2022.
Comment by
downtozero on Jul 12, 2021 1:24pm
They already said in the June 23 conference call the dividend was planned to be reinstated the second half of 2022 with a target 6% divi. If oil does go to $100, they could pull this in earlier.
Comment by
stockwatcher248 on Jul 12, 2021 6:52pm
I agree...if they impliments a divendend policy I'm out
Comment by
downtozero on Jul 12, 2021 7:22pm
https://playback.conferenceconsole.com/recordings/rec52957679_20210623104115.mp3 Dividend is discussed at 15 minutes in.
Comment by
unc12345 on Jul 12, 2021 8:07pm
If they pay down some debt, why would you be automatically out if they reinstate the dividend? As I understood things, their stated goal was to pay a sustainable dividend. Obviously they haven't been able to pull it off over the last year and a half, but this was the intention, correct me if I'm wrong?
Comment by
Maxmoe on Jul 13, 2021 1:56am
Makes sense to me. I'd rather see a divy and buybacks if they pay down debt and the stock stays under $2. Better than paying up for buying assets because prices are going to be a lot higher than they just paid a year from now after a year of $60 plus oil.