RE:RE:RE:RE:RE:RE:RE:Dividends are very important now They gave all 4 quarters and said that they would increase the variable rate if the market is better than their projections at $90 oil. As it stands if you add all 4 quarters their divy is 6.5% this year (minimum). They are down 17% since the quarter release last Thursday. Meaning that I would rather have that 17% back and they can keep the annual 7% divy.
Mohel you do realize that as a commidity this will eventual go from boom to bust right. Assuming we have a 4 year run remaining and the divy is 7%, we would gain $1.65 all told. A $1.65 doesn't even get us this year's high. What do you do then? Do you sell? I don't buy stocks based on the divy alone and neither should anyone else unless they are a proven entity such as a Canadian bank.