STO Dividend, page-84

hi Gosh

"if oil and gas go up dept will be paid off faster...its better to pay the dept off, before the divi....if the price stays above $ 5.00 I'm happy......one would think they might pay a divi when the dept ends up to be around 700 million....."

Yes no doubt. But take off the leading word in your sentence and what have you got?
If they do go up, why on earth would you waste your money paying down debt? Why not keep re-investing to get get the higher returns? See? It becomes a never ending discussion.

Why are you happy with $5 and no dividend? If you believe in the story, then what does it matter if it falls to $1 in the near future?

Why do you think that it is acceptable for your board to put in place a dividend payout strategy without qualifications and then not adhering to the policy without a word of explanation?

Pear