RE:RE:Great news ,finally the DIVI cutWhat a relief! It could not have come sooner. It is insane that ANY E&P firm would pay a dividend in this environment.
Yes, low declines, at least that. But cash flow is simply too low to sustain this payout...now we are back in the more appropriate range.
Production is going to drop big time in North America...look at the number of drilling rigs dropping every week, this is just a matter of time before you see a massive impact on production numbers. It is coming. With a freeze among OPEC producers, we would be set for quite a positive month of April...let's see, I think tomorrow might be a great buying opportunity if it dips on the news of the divi cut. I will try to buy more, even though my position is already quite large...