Anvil around neck ???Is this whats adding to downdraft at TLM or the divt ratio.
Without a divy can it survive at all ?
https://www.calgaryherald.com/business/Yedlin+Talisman+troubles+mount/10371652/story.html
Asked if he was drawing on that experience at Talisman, Kvisle said the difference between Dome and Talisman today is that at Dome the entire company was compromised. Talisman’s situation is not that dire, though it isn’t exactly a bed of roses. According to a research note published by CIBC World Markets last week, Talisman’s debt is sitting at 3.1x debt to 2015 cash flow —higher than its peers — and has a payout ratio of 165 per cent, which means its dividend payments exceed company earnings.
The anvil around Talisman’s neck is the U.K. North Sea, with average operating costs of $100 US per barrel and abandonment liabilities that could exceed $300 million per year once production has ceased.