GREY:WFREF - Post by User
Comment by
99999goldon Dec 15, 2014 7:47pm
175 Views
Post# 23233374
RE:34.15 % yeild annum
RE:34.15 % yeild annumPUNJABI wrote: Like SGY & TBE they have kicked the can down the road.
If price of oil is at the present prices or lower then the cut is coming.
I was expecting a dividend, capex & production cut.
Fundamental Data - LRE
| Security Type | Equity |
| Shares Issued | 193,498,465 |
| Market Cap | 238,003,000 |
| Year High | 6.09 |
| Year Low | 1.15 |
| Annual Earnings/Share | 0.42 CAD |
| P/E Ratio | 2.93 |
| Annual Dividend/Share | 0.42 CAD |
| Annual Dividend Yield | 34.15 % |
| Ex-Dividend Date | 2014-11-26 |
| Sector | 10102020 - Oil & Gas Exploration & Production |
Punjabi - those are my words exactly about those two oil companies they kicked the can down the road...
Again I repeat, LRE must eliminate not cut the dividend then it may have a fighting chance but I still give it less than 10% of making it out alive even if they do eliminate it.
I don't see oil bouncing back to 75-90 anytime soon, so on a prolong period of low oil prices most oil companies need to eliminate the dividend.
I do see LRE going to .50c then to zero - yes I will be shorting it once again, there's a sucker bounce on this coming but that's when it ends.