Longview Oil Corp LGVWF

Anyone understand this?

[konzelmann]

It just amazes me how this one keeps going down.  I keep watching for a good time to buy, but that moving average (downward trend) keeps scaring me off.  P/E is a little higher than I'd like still as well, though PE isn't everything obviously.

Q4 probably won't be great due to oil prices, and I guess people are still expecting a dividend cut even though there have been signals that for now it's safe.  12% yield, they could cut it in half and it'd still be decent.

[Al42]

Wow...another new low at 4.50!! Where is the bottom here? Is there something we don't know?

[kasking]

wondering the same thing,watching, looking to get in, the high return has got my interest, but is there something going on, behind the scenes.

[konzelmann]

Market probably doesn't like the payout ratio, which is a bit over 100% based on my math.  Also leery of how production has decreased in the past year.  They probably should be cutting the dividend and increasing capex a bit IMO. I'd be a buyer if they cut the dividend in half and announced a small increase to capex with an improved 2013 exit target production of 6500-7000 boepd.