GREY:PEYTF - Post by User
Comment by
zeus55on Nov 26, 2013 7:11pm
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Post# 21944191
RE:RE:RE:Debt far too high
RE:RE:RE:Debt far too highWith these types of dividend-paying stocks, you have to look at the big picture.
Their oil reserves are not limitless, so they cannot pay out all of the cash flow without buying new assets, Simply drilling what you've got and draining it dry without paying down the debt that bought the asset is simply not sustainable.
I know investors like the big dividend, but ask those who paid $10+ for their shares what they think.