RE: BNN I try not to listen to what Breiger has to say...actually I turn the channel! He is generally wrong and gives allot of bad and not up to date information. He is also very good at talking up his own book. Example, he says NAE is too small for him at 40000 BOE, well they are only producing 30000 BOE and he was a very strong supporter of Daylight who are producing about 10% more but not as much oil. So if NAE is to small for him than why Daylight? Also has been very negative on PBN and every time I heard him say something about PBN he did not have his facts right. So I wouldn't take anything Breiger says to the bank. But if you are interested this is what he said...Comment 7.450 Peter Brieger The present
.94 will probably go to
.48 and is probably already in the price of the shares. BOE production is probably 40,000 barrels a day, which is too small for him. Good small company. The smaller companies will get merged or taken out. 2011-12-16.And by the way, again he is wrong the dividend is .84 and not .94, this is not a slight dividend cut he is calling for, it's a HUGE cut of 43% on the correct dividend of .84 cents and a 50% cut on the Breiger stated .94 cent dividend.Also, when he says that the 50% cut is priced in...B.S., I have not seen many stocks cut their dividend in half and not get severely punished by investors that same day and many days after the cut.