O&G companies with the yields over 14%
8 companies made the list including LRE,LTS,TBE,PWT,PGF,BTE,ZAR,SGY (skipped SGL)
Most (75%) were trading under $5, of the 27 remaining div payers only 15% were
trading under $5 .I love the sound of margin calls in the morning.
The averages for the 8 are below.
...............D/CF...BPR...EV/CF..P/boe .P/flow.
average 2.3 34 4 $10 $50,000
LRE 2 20 2.8 $6 $29,000
First companies I expect to cut the div LTS,PGF,PWT,BTE,CPG,BNE
-LTS,PGF,PWT high finding costs
-PGF,CPG,BNE,BTE high BPR of 40-50% (2014) (see link below pg27)
https://www.arsenalenergy.com/media/Presentation-August-2014.pdf