GREY:WFREF - Post by User
Comment by
99999goldon Jan 10, 2015 12:46am
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Post# 23304887
RE:Times like these bring out the management...
RE:Times like these bring out the management...sapiensunus wrote: One thing I can tell you about this company compared to others…. This management is concerned for the shareholder. They prove that with the dividend adjustment. Oil and gas investments will always be worth something and this management will do what it must to stay in business. That’s a lot to demand from such a company and they are ready to do what they MUST. So many corporate managers - on the venture especially compared to the TSX – are only concerned for themselves. Let’s just say…While and when oil and gas recover… these guys should be in a good position to carry on. GWH
If they were really concern for shareholders they wouldn't have taken all that debt and completely cut the dividend to zero, which they would have to do - it's yielding 30%?
Having said that, it's just a matter of time for this company to be below a buck. Still short and all the way to zero - no reason to cover here.
