GREY:WFREF - Post by User
Comment by
JohnJBondon Dec 01, 2014 4:27pm
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Post# 23182879
RE:Long Runs Excrement
RE:Long Runs ExcrementFYI, mgmt clearly stated in their Q3 results that they would publish their 2015 capex forcast in mid December (ie they were waiting to see what happenned to Oil in the near term).
There exact phrase for those too lazy to read the company's own words, is cut and paste below
"In looking ahead to 2015, we are reviewing our capital spending plans under a variety of commodity price environments, with an aim to preserve our current dividend and maintain fourth quarter 2014 production through 2015. Long Run plans to release our 2015 guidance in mid-December."
When that 2015 capex announcement is made, we will see what they are going to do with their dividend. The dividend is part of the capex decsion.
Either they cut capex and maintain dividend, or they remove dividend and maintain (trim) cap ex. Or somewhere inbetween.