GREY:WFREF - Post by User
Comment by
VentureCapital3on Dec 09, 2014 4:58pm
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Post# 23212321
RE:RE:management
RE:RE:managementI agree with you that it would change nothing to contact them. Perhaps, in this answer she's not talking about the dividend like LRE was previously always doing (quarter reports, presentations etc...). In her answer, she talked about maintaining production and not taking on additional debt. So, they will probably cut the dividend. I thought they were going to wait and see up to April 30, but now I will bet they are going to cut the dividend on next Monday. It's probably a good decision. They have to secure the business firt and a 25% or more dividend rate makes just no sens at all. On Monday, they have to prove that LRE is viable at WTI=50$ and the stock will increase.