Impact: Neutral. We believe the positive covenant relief news will be offset by the suspension of the quarterly dividend, even if the market was anticipating the cut.
25 Nov 2015
CWC ENERGY SERVICES CORP. (CWC) OBTAINS COVENANT RELIEF. SUSPENDS QUARTERLY DIVIDEND.
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CWC ENERGY SERVICES CORP. (CWC) OBTAINS COVENANT RELIEF. SUSPENDS QUARTERLY DIVIDEND.
- Published:
25 Nov 2015 -
Author:
Ian B. Gillies -
Pages:
2
Impact: Neutral. We believe the positive covenant relief news will be offset by the suspension of the quarterly dividend, even if the market was anticipating the cut.