GREY:TBTEF - Post by User
Comment by
TheEmpireon Jul 17, 2015 2:31pm
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Post# 23935228
RE:RE:.57
RE:RE:.57 Exactly, cutting the dividend would be suicide at this point. This is simply a stress test of ALL oil companies, and the ones that crack to the pressure and cut the dividend, actually go DOWN in price dramatically, (i.e. Parallel Energy, Argent Energy and recently Zargon). The only exception is Canadian Oil Sands.(which is a very different company).
They already announced next months dividend, so we just need to ride out this storm. Not much to worry about.