Never ceases to amaze me how arrogant bozos with closed minds, who were NOT there to hear a both sides of a conversation, can call someone a liar because anyone provides information about a stock they fell in love with. This is the peak of arrogance.
I spoke to IR in a phone call last week. They were clear that there will be no (zip, zero, nada) dividend increase from the BRY deal even after digested. But the deal provides better coverage to continue the current dividend.
Conclusion: Higher price of new BRY deal killed any hope for dividend increase anytime soon.
(I did repeat this from bottom of another thread, because yahoo would not allow separate new topic at that time.)
I spoke to IR in a phone call. Forget any dividend increase from the BRY deal.
There will be no (zip, zero, nada) dividend increase from the BRY deal even after all is digested.
Possible future dividend increases (if any) must come from improved performance or future acquisitions- but not from BRY deal. That was made clear in our phone conversation.
They said what the BRY deal does is provide better coverage for the current dividend but not an increase.
My conclusion is the increased price of the new deal killed any hope of any dividend increase soon.