TSXV:CVI.P - Post by User
Comment by
guyf1963on Aug 18, 2014 12:00pm
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Post# 22852003
RE:RE:RE:Calvalley Petroleum announces declarati on of special div
RE:RE:RE:Calvalley Petroleum announces declarati on of special div
I agree with you bobvee, I own Mart and the 0.05 divi per quarter was great (was between 10%-15% annual yield). Now they have reduced the divi due to their expenditure with the new pipeline and also to fund the other potential oil field. Perhaps CVI should have announded a recurring quarterly divi of 0.02 for an annual yield of 5.3%, perhaps the market would see this as more positive as coming september, the SP will go down by 0.07.