RE:RE:RE:RE:RE:At what point would cj cut the Div to 5 cents? Some O&G companies are tieing a variable div to the price of oil. Th problem isn't the headache of paying it monthly it is that it does not attract long term investment.
The dividend now is attractive and longterm. It is not going to be cut. If anything, it is going up in 2023.
The issue now is the shre price. Will it hold after the next ex-div with WTI trading lower and morons like deckdude looking at tax-loss selling because they bought in over $9?
What I am asking is: Will there be one more big buying opportunity before 2023?
GLTA
Seahawk001 wrote: Im wondering why oil n gas companies dont do divys on a monthly basis or would that be too much of a headache? Oils at a $100 the divy is .10....oils at $60 the divy is .04