RE:Dividend cut time. daviddo wrote: Dividend cut time to preserve some cash. Hope they do it soon, 5 cents is nothing as a dividend anyways. Hope they cut this soon, reason being that the sooner we cut it the more cash we preserve. Which means a real dividend sooner as oil can't stay this oil is uneconomical at these prices for anyone.
Why would you want them to cut the divvy? It is only costing them $97 mill/yr compared to BTE which was around $150 mill/yr which generates HALF the revenue that COS does.