RE:RE:RE:For those who care...pierrelebel wrote:
navajojoe wrote "...So we have a full quarter where, according to GXE presentation, they cannot afford to pay the dividend, all else being equal...."
First, let us understand that less than half (48%) the 2023 production comes from heavy oil with pricing subject to WCS differential. It is an important factor but let us not obsess with it.
Second, it is not accurate to state that GXE "cannot afford to pay" the dividend. It would be more accurate to state that for a month or a quarter the dividends payments come from the bank account, not entirely from newly earned "free cash flow" for the period.
I am confident GXE will continue to pay .01 monthly for all of 2023. My wife and I have increased our position in the last few days ($1.00 and $1.05)
Patience will be rewarded.
He is going to keep reposting that GXR can't afford the dividend regardless of what you say. I have stated on many occasions directly to him that the targets are based on the median avg. and not on a day/week/month chart. He doesn't understand what the word "average actually means" OR he has an agenda. I personally have him on ignore and I suggest you do the same.