RE:Inventoryfrankie14 wrote: I'm thinking of buying some shares since I don't think the price can go much lower, can't resist trying to catch a falling knife just as it hits the floor. I think they will raise the dividend Feb. 28 as they've met their 1st debt target and with buybacks the share price should start to go up even if the oil price stays the same. Could anyone tell me how many years of inventory TVE has, I can't seem to find this information anywhere. My main oil holding CPG has over 20 years of prime drilling. Thanks in advance.
A friendly suggestion, and it requires patience. You have better chances of getting a clean grasp on the hilt if you wait till after the knife bounces off the floor and is on its way up.
A dividend increase in Feb in the current circumstances is a bad idea. Because once you increase it, you are stuck with it. And while there is always the option each Q for a div. reduction or even elimination, no board relishes such announcements. Investor exodus is not healthy.
I believe these are the current priorities of the board and I wholeheartedly agree with them.
1) Reduce debt. 2) Implement buyback. 3) A Special (i.e. one time) Dividend.
Cheers