RE:RE:with the TSX crateringwhy do you think its not cut peter? read between the lines, its not cut because they are all collecting the divvy as well. maybe a couple more posts on this board about will change that. NOTTTT!!!!!
PeterWright wrote: I truly would not hide hear if that is the goal. The divy is not healthy, they are just returning you your own money. Payout is over 100%. If you are looking for safety, OIL and gas is not the sector right now. It's going to a bumpy 2020.
IF VET would cut divy 50% the entire outlook for the company will shift to the positive and it should see money return.
If WTI averages $52 for the first half, where would you suggest VET gets the money to support divy. Cut Capex? Borrow more money? Just wondering where people feel the money should come from. We've added 2 billion in debt in 11 years and doubled the share float to support dividend, and the balance sheet is now a mess. I really think they are out of options and the divy has to be cut. At least if they cut it now they can blame Corona.