RE: RE: Strategy All I've been hearing lately is the GLUT of oil being produced in North America and the lower oil prices western canada is receiving for it's production, not to mention transportation bottlenecks. Now is not the time to focus on INCREASING production but surviving as a company. IMHO
For RPL to survive it makes more sense to KEEP the DIV, MAINTAIN production (NOT INCREASE PRODUCTION) and re-evaluate the market in 12 months. Keeping the dividend will keep loyal investors in the loop and help support the current share pice. The longer RPL can demonstate they can maintain the div more investor confidence will be created and likely result in an improved share price IN TIME.
The quicker the company can announce the dvidend is safe the sooner the share price will rebound.
..have some patience and enjoy the div.