GREY:SGLRF - Post by User
Comment by
seatleslimon Dec 06, 2014 1:32pm
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Post# 23202778
RE:RE:RE:RE:RE:The question is , Is the dividend safe?
RE:RE:RE:RE:RE:The question is , Is the dividend safe?I think it would be fairly reckless to pay a dividend at this point. In the new commodity price environment, cash flows will be down and borrowing base will be down. They need to sell some assets, get debt down and implement a lower, very focused capital program. I only meant that the stock price likely(maybe) reflects the dividend cut already. Not trying to taunt or argue. It's probably worth a couple of bucks if oil/gas stabilized and they quit pretending that they have a "sustainable dividend paying model" - that phrase is not credible, another reason it is selling at 50 cents.