RE:Dividends
egee wrote: Is there a view to what we can expect on divy announcements for September, can one anticipate an increase, if debt levels are within the range , or, will they be pushed forward because of the uncertainty going into the fall.
income should have been aduquate even a today's oil prices.
the talk of third and fourth 1/4 results in o&g overall we better see these companies ACTUALLY doing what they promised. Seems quiet , too quiet in my view. Eom
It seems most people here that expect an increase get tarred and feathered with posts about how the financials sit. Then comes the name calling (greedy) etc.
If you the kind that don't expect an increase, I ask if you have read the part where they have documentation saying they WOULD pay 7c @ $90 oil (it's been above that for 4 months)?
Also they have stated once lower than 50 milllion debt, they will look at allocating 75% of fcf to share holder returns. That can be many options, buy backs, dividend increase or special dividends.
Many believe we are below that 50 million (including me) threshold now, so on both sides of the coin, lack of announcement means better bargains for buybacks/drips---but also they could just toss out a news release randomly and away we go.
Personnally I think it will come before q3 financials so im in long and watching the website for the fireworks.