RE:RE:RE:RE:share price dichotomyThats because the balance sheets of most producers aren't really "ironclad"...not many can pull a CNQ or XOM, when oil prices take a nose dive...that being said, even XOM's fortress balance sheet isn't looking as robust as it once was.
pointer wrote: Dibah420 wrote: With WTI hovering around $55 USD and the trend up, there is no doubt some serious cash flow sloshing around. However, my pref. would be to repay a big chunk of the syndical debt before PC even thinks about any dividend. There is no guarantee that by fall WTI will still be trending up if we can't best these mutant variants that are spiking here there and everywhere.
I agree, pay down the debt.
I was just saying they "could" do both, but not my first choice. I don't think dividends on producers influences that many investors any more.