RE:RE:RE:Promising start to the day................
Problem is upside, there is no money for a divy. In retrospect Legacy has been the wrong horse to ride, compared to Whitecap. The company needs to net earnings per share pay down debt and grow production. Maybe Whitecaps management is/was better maybe they have better assets. In my opinion a divy would be reckless in this environment, some companies have little or no debt that is the strategy I would pursue i.e paited pony, tourmaline, parex. That is why I own this company, my startegy would be in line with managements. If Legacy put in a divy and could nor sustain it you could add them to the other train wrecks of the the TSX, Pengrowth, Lightsream, Penn West, Renegade, Bona Vista. I think Legacy will be able to put in a divy one day, however, now is not that day in my opinion, the balance sheet does not support it.