RE:divy stinger99 asked: "Would it not be prudent and cut the dividend-i mean 23 percent"
Only if the SP reflected the true value of the company rather than an indication of shares being colossally oversold.
Incidentally, the quote cited by righand in his recent message came courtesy of the Globe and Mail and analyst Frederic Bastien. Two columns to the left on the same page from that quote, Bastien also “analyses” WSP Global, another infrastructure company with some exposure to oil and gas. I quote:
“WSP Global Inc., one of Raymond James’ top picks for 2015, has been unfairly punished, according to the analyst.
“Investors wanting to trim their exposure to oil and gas should take comfort in the fact that only about 5 to 6 per cent of WSP’s 31,500 employees work in the field,” he said. “This, we believe, underscores the quality and the geographic diversification of cash flows generated by WSP.”
Mr. Bastien upgraded the stock to “strong buy” from “outperform” and kept his price target at $46 (Canadian). The average of analysts’ price targets is $43.38.
. . . . . . . . .
I don’t know what precise percentage of WEQ’s revenue is derived from oil and gas but I’d hazard a guess that you could substitute ‘WEQ’ for ‘WSP’ in the above quote and, other than the numbers, it would be much closer to reality than the Bastien conclusion cited by righand.