GREY:TBTEF - Post by User
Comment by
Backwardbladeon Jul 23, 2014 12:48pm
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Post# 22774138
RE:RE:in at 1.63
RE:RE:in at 1.63I agree. I purchased a bit more today to bring my cost down from last week...not much but a little. but starting to feel a little uneasy. This is either the deal of the century, or an Argent-like lead balloon. Sorry guys, had to say it.
Even with flat production for the rest of the year, if the decline rates were measurably better....this should increase. Or at least let a guy rest easy regardless of share price. Also note though, that I'm not in at 2.20 either. Gotta love it LOl!
On the tabbo subject of the divi: It has been declared safe for the rest of the year.. My thoughts on this are 2 fold at these levels.....
1) Providing the decline rates are reduced, if they dropped the dividend by a couple percent, would this not allow the company a little wiggle room regarding cap-ex should they need it? Or maybe buy back a few shares?
2) Again, all things being equal, funds flow, reserves, reduced decline rates
, price of oil etc....And all the numbers are above board....about how much farther would this drop do you figure? How far, and more importantly, how long would the market let that happen?
Not trying to poo poo anybodies parade, just looking at what may be a fundamental opportunity, to line both my pockets, and the TBE's while it's down.
THoughts?