GREY:LSTMF - Post by User
Post by
cgiffinon Nov 06, 2014 1:13pm
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Post# 23102698
Dividend Sustainsbility
Dividend SustainsbilityIt is evident as of latest CC and the drop in oil prices that the current $0.48 dividend isn't feasible? Rather than eliminate it completely, would this board and management consider cutting it to $0.24 and that would save roughly $50m a year and even with $65-$75 oil prices would keep Sustainsbility ratio 100% or less right? Also, can they cut costs operationally without sacrificing production and thus require less than 400m just to keep production flat? Finally, what about further non-core asset sales but ones that are also non-producing? Any feedback and dialogue welcomed.