GREY:TBTEF - Post by User
Post by
CapeBretonon Aug 14, 2014 8:20am
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Post# 22840436
up from here
up from here
no earth shattering info in report, but some nice positives and steady as she goes... good production, no surprises, and likely to improve good ongoing transition to horizontal wells, 17 new wells with100% success rate (I'll take that!) payout last Qtr of only 75% and pretty firm language that dividend is strongly supported debt paid down, although just slightly the bankers love to see this operating costs down and projections of this continuing Overall the report says things are on track and dividend is safe...this stock can not be priced for an almost 12% dividend, income funds and dividend seekers will chase this down to at least an 8% dividend level which means a climb back to 2.20-2.30, we may not get there this month but over the next 6 months TBE will climb up, many of the fund managers that got out last qtr will be looking at this safe dividend and start nibbling....just my opinion. Very happy to be heavily weighted with TBE in my portfolios.