RE:RE:RE:RE:RE:RE:RE:RE:Why dividend Perhaps if I write slower….you can learn how to spell D I V I D E N D.
With $200 million in cash at the end of the year VLE sure looks good but any active pressure maintenance (water flood) in aging field can be very expensive to maintain too. I also think that big part of that pile of cash has to be set aside for abandoning costs (currently ~ $ 200 million & growing).
Company needs to sort out all issues first before we can pocket any D I V I D E N D S.
G37