Longview Oil Corp LGVWF

Dividend

[tulsatea]

Dividend announcement is late.

[terroir]

It is on the website https://www.longviewoil.com/uploads/files/Press_Release_-_Cash_Dividends_July_2013.pdf

[tulsatea]

Thank you.  You are all over the place.

[terroir]

You are welcome. I just took a position after researching with the help of Nawar. I think there is a excellent chance that the dividend can be maintained while they slowly begin to grow production due to price deck improvements. However, base production has low decline and there are lots of drill opportunities to replace the decline while keeping total payout at or below cash flow even if it does

[tulsatea]

Good analysis.  I have recently taken a large position. Of note is that they have about 500 or 600 boe/day of heavy oil.  The price deck here has improved significantly in the past month or two.  In addition, they have numerous waterfloods available to them which can increase their production cheaply and with slow declines.   Good observation on oil price improvement