RE:Days like this…..When the results next month come out, I wonder what the reaction will be if there IS a dividend? In all honesty, I think I'd rather pay down debt and buy back shares as we really have no idea where oil is going and I've been in this for the long haul - what's another 3 or 6 months of waiting? But the long-suffering, far too much of an owner side of me would also take a dividend at this point. I just don't know what people are thinking broadly and it's worrisome. If people get fed up with no dividend, the stock is going to struggle even if they do the prudent thing and don't declare, using the other options available to them.
I guess in the end, it's all about expectations. Investors are expecting one and if it isn't delivered, that'll be trouble, at least initially.