Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Twin Butte Energy Ltd TBTEF

Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Bullboard Posts
Comment by PUNJABIon Aug 24, 2015 11:25am
138 Views
Post# 24045730

RE:ROLLBACK

RE:ROLLBACKWith the rollback the number of shares are reduced. Earning per share increases. The dividend is approved by the board & announced by the management every  month.

If the company plans or can afford $1 million in dividends based on cash flow then they can calculate per share dividend amount. If the number of shares are reduced then the company can increase the amount of dividend per share & still pay the same dollar amount in dividend.

The most important thing that can affect the payment of dividend is the cash flow & the price of crude oil in case of TBE. TBE has lot of hedges till the end of 2015 & some for 2016. But if the oil prices do not recover in 2016 TBE will have no cash flow to fund dividend.

Most oil companies big or mid size cannot afford to pay dividend at WTi $38.
Bullboard Posts