Quote:
Originally Posted by Slava
Wow. Today has been grim for Canadian oil and gas. $28 handle on WCS, dividend cut from Vermilion and overall just bleak out there.
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Please tell me you saw the divvy cut coming? I've been smack talking my buddy at VET about its unsustainability for months. They're payout ratio was way above 100%. You just can't run a company that way. They had to trim and the divvy is still too high, you're still looking at capital destruction scenarios.