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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a known strike length of 400 m and a known depth of 250 m.


TSXV:NWX - Post by User

Bullboard Posts
Comment by oilconsultanton Dec 05, 2016 4:55pm
35 Views
Post# 25556994

RE:RE:watch for it....

RE:RE:watch for it....sonny, this is a 20-30 cent stock.... it has paid out 20 cent in 2 years... that just will not continue... that is a 30% dividend annually and you ' need' more?  LOL

don't ya think, just maybe, paying out a 30% annual dividend is not something to expect to continue?

they only could pay out that much because oil was $100 for a time....  in case you have not noticed, that is no longer the case.... when a company collects money from the oil sold, the oil price is quite important in that equation.  perhaps think about their cash in-flows now that oil is half what it was... there simply is not the excess cash flow that was there was when they got $3 mill a qtr.

maybe reduce your expectations, cause otherwise you will be sadly disappointed.  Perhaps move on, rather than be so disappointed and then attack the company when it does disappoint you.  There is simply no way NWX can pay out a dime a year with oil under $50 wti... nope, not possible...


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