Quote:
Originally Posted by Map Maker
I bought big today. And an oil company!
Those dividend yields are huge. But are they sustainable?
Depends on their books.
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1st quarter coming up, those dividends are doing to be a fraction of what they were. Pretty hard to sustain paying a dividend when you are losing money on every barrel you produce. Most will be shutting in wells. Not much profit on a shut in well either. I wouldn't touch any producers maybe the odd enbridge or Pembina or trans can but that's just my 2 cents. 😉