EXPM:EGRGF - Post by User
Comment by
westcoast1000on Oct 06, 2016 7:19pm
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Post# 25320200
RE:RE:RE:RE:RE:RE:RE:re restrictive convenants
RE:RE:RE:RE:RE:RE:RE:re restrictive convenantsWith oil over $50 US for WTI, you are surely correct greenT.
Moreover, EGL management will meet their bankers to discuss financing this month. They could concievably raise the dividend in coming months if oil continues to go up.
When EGL does finally move, it may be fast, although there are many other oil plays out there. None have the potential to raise the dividend as quickly as EGL, IMHO.