GREY:TBTEF - Post by User
Comment by
pm1231on Nov 17, 2014 3:08pm
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Post# 23137086
RE:RE:RE:RE:RE:Look out- Dividend Cut Coming
RE:RE:RE:RE:RE:Look out- Dividend Cut ComingHi Punjabi. It's a good summary, but you're missing an important piece. TBE has capital efficiencies closer to $22K whereas SGY is closer to $30K. While decline rates do concern me for TBE, it is only one component that determines cash flow sustainability. In this case, capital efficiencies somewhat mutes TBE's higher decline rate relative to SGY.