RE:Borrowing to ensure adequate capital for expansion
I would have been more willing to cut the dividend when oil was at $90. If you are going into further debt to maintain the dividend, that could get dangerous over the long term. But, at today's prices and exchange rates we are actually reducing our debt. I think the conservative thing to do in this situation is to just maintain the divvy and pay down a little debt. I think we will be liking the Q1 financials. Bob