RE:RE:RE:Div cut for sureWell it depends on your personal financial situation to whether you want a dividend cut or not. If you rely on the income, probably not...or if you don't care like me, it doesn't matter..I will take the dividend or take a dividend cut and a share buyback..I could care less. Whatever happens I don't see the company acting on the dividend until at least Mid summer, when they can better assess long term oil futures, and ttf gas prices. There is nothing immediate in the cards. One can always write call options to increase your income, even if they do cut the dividend...So IMO and in my own situation it doesn't matter.
The only people demanding an immidiate 50% dividend cuts are the shorts...But I don't see how cutting the dividend would benefit the shorts...it would simply align the dividend yield with other oil and gas companies, ARX for example which is green today or WCP , and the freed up funds could be used to buy back shares and push up the stock while increasing cash flow and EPS each year.