Response from Investor Relations concerning the dividend for 2013
"As you know, the dividend is not a fixed or guaranteed amount. Yes, we committed to a dividend and said that before we change the dividend, we would reduce capital spending or sell additional assets. Barring unforeseen circumstances such as a prolonged reduction in commodity prices, we anticipate a CAD $0.04 dividend in 2013."
Have myself talked with I/R a couple of times; They try to offer fair and solid data points about the companies direction and fundamentals.
When it comes to price action, be it this company, or the various markets that ship, refine and deliver oil ----------- It's the big money pulling the strings!
Having stated that; Short term, I for one still have little more than clues what is going to happen here..
Ever since all those new shares came to market via purchase of NAL, it's been a freaking
blood bath -- and I tend to think the lesson here has more to do with paper trade than what is really going on under ground..
Sure has been interesting to read so many well written comments by people who clearly have done some study and understand this market.. Thanks! And thanks to those who have with
similar force of fact tried to share why they are selling instead of holding.. (a couple posters are clearly jerks, who intentionally misrepresent data for casting doubt -- easy to spot'm ).
Long term, indications are demand for oil of all types will continue as will producers so long as product can be delivered and support profit or returns for capital put up as risk ..
"there product sells for 50% of WTI" --truth is heavy Oil at Hardisty always gaps in the first QTR because of general lack of demand---today's prices are just like last year, so don't freak out thinkng this is a sudden surprise----plus only 8% ---yes only 8% of our oil is heavy---Achilles is a blow hard that is trying to be very misleading with his "sky is falling" claims---folks---please read the company's qtr reports and their investor presentation