Newport Exploration Ltd V.NWX

Back to .01 dividend. That sucks.

[frankman]

Don’t know why they did that. And they continue to “stand pat”. Continue to sit on their tail feathers. I like a dividend (3%) however there are a thousand opportunities to make more money. The CEO is pretty adamant that shareholders are satisfied with “standing pat” in my communications with him.

[frankman]

Meant to say .03 cents. There was no need to reduce the dividend again. 

[Billybub]

1 cent is what I expected hopefully in November it will be 3 cents or more depending on the royalties and price of oil im really satisfied and will add stock if there's weakness

[frankman]

Good luck to you Billybub. I like the company too but he just reduced my income here.

[Billybub]

At 1 cent the company is paying out just over $1 million thats about 80% of their income for the quarter i think that's fair this is a definite hold  with an oil price spike thanks to a massive cash injection into the US economy and curtailment of energy projects this stock will do well

[frankman]

I agree with you on oil prices increasing. The dividend use to be a lot higher and the treasury keeps growing. He just chopped the dividend for no reason. I have told him we don’t mind a reduction of dividend IF he had another project going. He has told me he is happy with standing pat but has been looking. Other oil assets are rising in value again and company still standing pat on aquiring other

[frankman]

One note on oil prices. Biden’s attack on U.S. oil drilling and capacity will increase prices again at the cost of increasing inflation. I expect other opportunities on metal prices will increase. Chances to make mega gains lie elsewhere. . A slash to my dividend revenue makes me move funds elsewhere.