GREY:TBTEF - Post by User
Comment by
ocean112on Dec 03, 2014 9:43pm
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RE:RE:RE:canadian oil sands just cut div to 20 cents quarterly
RE:RE:RE:canadian oil sands just cut div to 20 cents quarterlyLook at the October 31, 2014 COS report and you'll see why they cut (based on CIBC's sensitivity analysis - if WTI was at $70 - thier total payout ratio would be 499% - 999%!!! At $70 WTI - FCF would be negative $200M.
TBE is nothing close to this.
Take a look at the SA analysis to determine if you think the dividend is sustainable (i'm in the camp that it is after reading the article and confirming my own calcs).