GREY:TBTEF - Post by User
Comment by
PeterWrighton Nov 01, 2015 6:56am
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Post# 24247869
RE:Assuming...
RE:Assuming...I think a substantial recovery would be back to $60WTI. The cost of production has come way down and oil is plentiful. We may get back to $70 at some point in 2017. TBE will probably eliminate the dividend before it increases it. These small companies have learnt that the dividend model doesn't work for them. There are so many of these small companies that have got into trouble. Hopefully TBE has learn and focuuses on growth of the company and does not restore a dividend until they are considerably larger. The share float for this company is huge for it;s size. Hopfully they will start buying back shares when oil strenghtens.