Steve, I really appreciate your comments. I am not saavy regarding the understanding of these cc's but I do listen to them. Can you tell me how you think our dividens will be affected this coming year. I know something was said about the figure but as I said, I don't understand. Thanks
I would say the dividend is safe. They are earning nearly twice what they are paying out and have a long history of paying dividens. I wouldn't expect the dividend to be increased until they get back close to the earnings they had a couple years ago (bc - before crash).
Steve, I had one big disappointment listening to the CC. Natural gas recovery from shale creates worries about water contamination, and I had thought this might create a market for ACO, but they downplayed whole on shore natural gas production market, and linked their oil revenues to number of wells, which under horizontal drilling tends to decline.