RE:RE:TotalEnergies awards upstream FEED for Papua LNG
You mean they're not going to make HUGE money...and I mean HUGE money with PIMS, and their ancillary businesses? lol
As mentioned earlier, if they raise the divy to $0.01/sh/mo. then at least it'll be worth holding until then. Many shareholders can live with a 10%+ dividend for a year or two, until the stock price starts to recover. I dont' know why they're so hesitant to raise the divvy (or even activate the NCIB for that matter)? They have plenty of cash on hand to weather a few storms for the next several years. MC 48.8MM, net cash $43MM. Currently, I can get 5%+ on a 1 year CD, with ZERO risk. The current 6% divvy (with risk, albeit minimal) is not as compelling as a 10%+ divvy would be. BOD - get your act together!
Cheers,
JJ