If there were a dividend cut, As I understand it, It wouldn't be till fall or early winter. By then the demand for oil and NG would be way high, prices will go up...maybe no dividend cut at all. Wait and see what happens// Or?
Cannot argue with that as that applies to the entire market and not specific to ERF. We still need oil and gas to heat, cool, eat, transportation etc. It is not like we are selling something(ie:service) that people can do without. Grant you, in bad times, they can cut back, but still need to function.
You were not that wrong at 13.80. Think of the people that thought low 20s was a fantastic buy. If you got in at $13.80, you are in good shape. Tuck it away and forget about it. You will be rewarded at a later date "big time" with a 13.80 entry.