GREY:LSTMF - Post by User
Comment by
JohnDDon Nov 04, 2013 7:00pm
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Post# 21875701
RE:Nutall doesn't like LTS
RE:Nutall doesn't like LTS
Zeus said: "Nutall doesn't like LTS Thinks a dividend cut or drop in production is coming"
Well they have already announced 3Q production just a few weeks ago, so can't be that and they also confirmed their 2013 production guidance at the same time - so that would seem unlikely. Dividend cut, could be, but I doubt it.
Hopefully we see some asset sales soon as part of the 3Q NR - something around $100 million would be nice. We know they sold $38 million worth of assets at the begining of the Q and suspect they sold some more SE Sask assets. Trioil will be having their shareholders meeting next week on the 12th and that could be worth another $31.5 milion...Every little bit helps. Be interesing to see how the vote goes.
John