RE:Dividend dayI posted these numbers before but while the dividend is costing about $2.3 mln a month, Capex was costing $6 mln. Now for Gear $6 mln is a relatively large number and if Gear decided to cut it to $2 mln nothing drastic would have happened. So when you see these "dividend specialists" claiming that in case of a growing debt dividend to be cut - this is their understanding of the game where I see Capex can be easily decreased for 6 months and with the debt being miniscule Gear would be debt free again while still paying dividends.
Now obviously the company has a strong management that can make a decision that will benefit the company long term and still maintain high Capex, sure, it can happen. But would it be catastrofic? I don't think so. April oil demand in the US was record high since 2007 while production started to fall. SPR is in a horrible shape and nobody really knows how much longer Biden administration can milk that cow. Things will be ok.