Crawford! Cut THIS before you even think about dividend cut! Crawford!
Look at this and do it first!
https://www.atha.com/upload/press_release/158/1bff78f5b3fc/athabasca-oil-corporation-announces-265-million-leismer-infrastructure-transaction-preliminary-2019-capital-guidance-of-95-%E2%80%93-110-million-and-streamlined-cost-structure.pdf
Streamlined Corporate Cost Structure
- 25% reduction in head office staff effective immediately
- Executives and Directors electing a salary rollback of 10%
Crawford!! The boneheads at ALA deserve even less.
SH screwed by those swindlers who sold them "immediately accretive, 8-10% annual dividend growth" lies at $31/sh garbage deserve much deeper cuts.
Div cut is the last SH need now. They are already more than 50% down due to this debacle.