RE:Dividend is no longer sustainableI think Surge being forced to eliminate their dividend is about the most uninformed FUD I have ever read on Stockhouse. That says a lot. SGY could double their dividend tomorrow and still have plenty of cash flow left over to cover the dividend and to pay down debt. Some companies like GXE are always living on the edge and have to use debt to cover their dividends when the price of oil drops. SGY is nowhere near that stage even at $70 WTI.
Paul Colborne. has my vote. Q1 was terrible but most of that was due to the price of oil being low. Oil will be heading back up once the daily oil FUD subsides and SGY will be heading back up too.
If you are going to bash a company, don't make stuff up that is complete nonsense.