RE: conference call Just finished web cast. Nothing added re dividend. Evasive answer re growth plan, more interested in cash flow than production growth. Looks like Nat Bank analyst right on regarding dividend. I get current yield at 8.22% with monthly compound. Doesn't appear to be any immediate threats to that, although if GAS price continues on its trajectory it would have to hurt. They believe they can handle maturity of debentures in August without equity dilution.
The 5 cent dividend still translates in to my highest yield, so I acknowledge their summary that the yield is competitive and generates relative value; on the other hand I don't see much forecast growth to propel valuation increases. I actually didn't hear 2012 exit targets, did I miss something?
Terr