Dividend sustainabilityThis company is in an enviable postion of being able to weather $80 wti for all of 2015 without touching the dividend !
at $93 wti dividend payout ratio is 41%
at $80 wti dividend payout ratio is 49% ( an all in ratio is just over 100% but management have stated that capex will be reduced to keep the dividend sacrosanct)
with big hedges in place for 2015 at 94.66 , with this company recently trading just south of $50.00 this is the best time since 2008 to buy shares and the improvements and additions they have made since then makes this company an outperform in many analysts minds.