OTCPK:VREYD - Post by User
Post by
Farmer12on Mar 22, 2019 8:50pm
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Post# 29525942
Sustainability
SustainabilityTOG has a cash surplus even at $50 U.S. WTI with a payout ratio of 97%. At approximately $59 WTI TOG has a cash surplus of about $95 million and a payout ratio of about 71% more or less. So, IMHO, the dividend is much safer than many other similar companies. TOG is quite a bit more profitable at $59 WTI per boe than WCP, for example, but WCP being twice as big might be perceived as also safer.