GREY:LSTMF - Post by User
Comment by
sellthefarmon Jan 21, 2013 5:55pm
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Post# 20868992
RE: RE: Dog to Star
RE: RE: Dog to Star Do you really think the dividend is sacred to management or was it only sacred as long as Petrobank was collecting their dividend to fund their THAI program? I wouldn't be surprised if they cut the dividend to $0.05, which is a 7.5% yield at $8. This would get their POR to under 100% (I believe) and would at least remove that overhang from the stock. I think it will see $7 soon given the trajectory of the stock but that is just my opinion. I'm down 30% at this level but will add to the position if we can see some positives out of the company.