GREY:WFREF - Post by User
Comment by
OneStaron Dec 22, 2014 3:44pm
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Post# 23257165
RE:RE:The new Dividend
RE:RE:The new DividendI was dumb enough to hang in.
Now I am stuck with LRE. No choice but to ride it out. Maybe one maybe two years. With the focus on the balance sheet and debt reduction we should come out stronger at the other side.
No one knows when oil will rebound. Likely within 12 months. Also gas will be leaving the continent once the LNG plants become opertional.
With the reduced dividend the company should stay afloat. I would feel much better if we had $70 oil. Maybe in 6 mths.
Good luck to all.