IMO- I would never buy anything from Canada. Their accounting principls are loose by our standards. I've been told it is a hotbed for corporate scams and deception. CanRoys pay a huge dividend on a vanishing principle.
CanRoy just like any E&P, constantly trying to enhance reserves, extend life. Reseves constantly vanishing and new wells constantly explored. Objective is to stay on top of reserves and collect the dividends. All give regular updates regarding reserve life. Normally, dividends are really great. Vanashing principle is reflection on management's inability to maintain reserve life. There's always one with plenty of life left.
Just trying to figure out what brought that on, on the parl message board. Any significance.