Q: Have you had time to assess the recent developments? They have reduced the monthly dividend from 23 cents to 10 cents and suspended the DRIP programs which have been the source of a lot of dilution over the years.
From what was said on the conference call it appears that they have abandoned the High Yield, High POR Income Trust Model. Going forward they intend to fund their Growth with internally generated funds and focus on creating shareholder value.
The Oil market will be whatever it is but should improve at some point.
I would be interested in your thoughts on what is actually a dramatic change in Crescent Points financial and growth strategy.
From what was said on the conference call it appears that they have abandoned the High Yield, High POR Income Trust Model. Going forward they intend to fund their Growth with internally generated funds and focus on creating shareholder value.
The Oil market will be whatever it is but should improve at some point.
I would be interested in your thoughts on what is actually a dramatic change in Crescent Points financial and growth strategy.