RE:RE:div cut...It just doesn't make sense, they added approx 700 million in debt over the last 5 years protecting the dividend. They could of been buying back shares to reduce the cost of the divy. Borrow money at 3.5% and eliminate shares paying 15.5%.
VET really needs oil prices to strenghten, current oil prices will shave off over 100 million in FFO. They have very little financial flexibility. I know some on here don't like to talk about divy cut but at some point it becomes unavoidable. Balance sheet needs strenghtening.
CEO reminds me of Trudeau, afraid to make a decision.