corporate debt447 million shares paying 2.76$ per year div..they conserve cash flow by using drip for div but this dilutes share value for everyone...bite the bullet and stop the div..cut it out..they have 2.8 billion debt..attach this debt aggressively..the hedges buy company time to refocus ...lots of shareholders may choose to dump stock because of div elimination..but this div cut will increase strength of company..div can be restarted at modest level later....cutting capex and focusing on prime spots is good..several analysts say oil price will bounce...but what if they are wrong and it stays low for longer than thought...why risk company on betting that it will turn around...holding 5300 cpg@36.93..i ll take div cut and put company on firmer footing..good hunting to all.