Just finished listening to conference call and would recommend this to all serious long term investors. It was pointed out by management the significance of the dividends as an important component of shareholder value. This was reinforced in the summation as the very last statement in the conference. It is likely to be more noncore asset sales to strengthen what is already a very strong balance sheet, another encouraging sign for the income investor.
LOL yeah, everything's great now. Management said they'd keep the divvy, no need to worry anymore. Of course they said the same thing 5 times before this, but that was different, they REALLY mean it this time. They truly want to emphasize that shareholder value, you know, like the value it had when it was $38. Really really astounding value now. Oh my, what happened to those massive gains from yesterday?? Ouch, another dividend down the toilet.
Thanks for the update on the conference call. I had to go to a business meeting today so I couldn't listen to the conference. I think the stock is well worth the price here. If we can just narrow the gap to WTI this stock will fly.