GREY:TBTEF - Post by User
Comment by
pm1231on Nov 16, 2014 10:19pm
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Post# 23134758
RE:RE:RE:Look out- Dividend Cut Coming
RE:RE:RE:Look out- Dividend Cut ComingOne more note - TBE is not a production growth stock (nor has it been thier intention) - they are a dividend play with modest production growth. They are, however, a very undervalued stock with plenty of upside potential given thier discount to NAV relative to thier fundamentals. Others like Surge, Whitecap, etc - are trading at rich multiples despite having a scorecard similar to TBE with respect to sustainable growth (ie. payout ratio under 100%). Indeed, SGY's current debt to cashflow is higher than TBE). My bet, in time, the market will realize this and "rightsize" thier valuation towards industry peer averages.