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  • margin321 margin321 Dec 7, 2009 3:25 PM Flag

    ECAs after-split dividend

    This quarter it has been decided that the dividend will stay the same, 40 cents, split equally between the two new companies.

    After that, Cenovus intends to pay 3-4% and ECA 2-3%, in line with peers.

    I would guess for Q1 that will be 15-20 cents for ECA and 20-25 cents for Cenovus. Best case (we get a raise) would be top end of the range for both, or 20 cents for ECA and 25 cents for CVE. Dividend rate and dividend policy will be set by respective boards.

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    • Thanks, margin. Something not discussed at all is renewable energy.
      Natural Gas could fall under this catergory. Gases are always produced
      by the inner earth and pubble up to the surface. I have been thinking
      about this for a long time, but never had the nerve to bring it up for discussion.

      Just how were the current natural gases produced ?
      Is Natural Gas a product of our earth or some vegetation burried
      1000s of years ago ?

      This answer to this matter could lift or kill Natural Gas investments.

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