GREY:TBTEF - Post by User
Post by
Analysis98on Dec 10, 2014 9:06pm
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Post# 23217702
Not much downside left
Not much downside leftTBE is now closing in on Spyglass and the two companies are not even comparable. Its just crazy / stupid. We will likely see oil below 60.00 soon. It will recover but probably to today's level and stay there for about six months. Translation, TBE will cut the dividend and capex. Hardly much downside from this level. 8% yield from this level would be .005 (half a cent) per month.