WRONG. Read this evening's press release, which finally shows that Management is getting its act together. Capital expenditures will be reduced to $900 million in 2013 (from an estimated 1.6-1.7 billion in 2012). What put the dividend at risk was huge capital expenditures that did not result in a corresponding increase in revenue (presumably because the Company wanted to "wait" until prices improved before pumping more oil/gas). Even with the Company's less-than-ideal net cash flow from operations, PWE should be able to not only pay the dividend (which is "only" $90 million per quarter) but also pay for its more reasonable capital program without depending on cash from financing (i.e., debt). Although production will drop slightly, spending less on capital projects, and demanding a better return from capital investments, is exactly what this Company needed to do. Frankly, this will go a long way to stabilizing the financial statements. This is good news.