GREY:TBTEF - Post by User
Comment by
MikeOxLong7on Jul 17, 2013 1:48am
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Post# 21612087
RE:RIP BSHORT
RE:RIP BSHORTI'll admit when I'm wrong and I was wrong on tbe and BShort nailed it. I'm glad I shifted some funds to RE over the last month. TBE needs to change its slogan from Sustainable Dividend and Modest Growth to... we'll keep paying the current dividend until our production is nil because a forecasted 2013 exit production of 15,500 is far from growth. They also cut cap ex again to 70 mil so I have a hard time seeing a return to modest growth. I don't think the divy is on the block in the near term at current wcs pricing but management can't keep cutting cap ex indefinitely to protect the divy!