Up today on above average volume. Most of the down days have been on below average volume. Sometimes, Mr. Market gives us a bargain, and other times he sells dear. Today, LNCO is a bargain.
The smart money is betting no dividend cut for April.
Only the dumb money is betting on an April dividend cut.
Who give a #$%$ at this point. I held my shares and took the lumps. Divvy cut is baked into the cake now. If they do announce a cut, then I'm sure it'll drop for a day and then I will buy more then but for the most part, the major damage is done on the price. For what it is worth, I think they will not cut but will also not raise the divvy. At least, that's what I'm hoping for...
You know, they may cut the current level of distribution. So what? The company makes lots of cash flow from its oil and gas assets so if it decides to keep more in the company instead of paying it out in distributions, what's the difference? I think people who invest in companies should look more at the vitality of the company's business and less at the amount they pay out on a current basis to unit holders. Current yield is important but close to 11% is almost ridiculous I think the distribution remains the same. GLTA