RE:RE:RE:RE:RE:RE:RE:RE:Dividends are very important now
masfortuna wrote: 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.
I'm aware how cycles work, I don't know why I needed a reminder?
But can you explain where you pulled that 2.5c a share from on Gxe?
I'm with you on everything else, just if your going to post info, that contradicts the news release, maybe you should write the news release for them ?