Impact - while the potential exists for near term weakness due to the dividend cut, overall we view the release in a positive light as the lower level of spending from improved capital efficiencies, dividend cut, and asset sales are all prudent moves by management that will help to improve the overall sustainability of the business model

06 Nov 2015
REPORTS THIRD QUARTER RESULTS, REDUCES DIVIDEND, PROVIDES 2016E GUIDANCE

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REPORTS THIRD QUARTER RESULTS, REDUCES DIVIDEND, PROVIDES 2016E GUIDANCE
- Published:
06 Nov 2015 -
Author:
Michael Hearn -
Pages:
3 -
Impact - while the potential exists for near term weakness due to the dividend cut, overall we view the release in a positive light as the lower level of spending from improved capital efficiencies, dividend cut, and asset sales are all prudent moves by management that will help to improve the overall sustainability of the business model