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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (28926)	11/10/2007 9:29:57 AM
From: Grommit	Read Replies (1) \| Respond to of 78667

HTE - Their cash flow was low due to low crack spreads, which are increasing. Lowering the dividend was prudent. Worldwide refinery capacity is tight, so the low crack spreads are baffling to me. I think they cannot last. oilintel.com As far as sustainability, check their website. They mention the inventory of future development is 1,000+ drilling locations and 840,000+ acres of undeveloped land. I don't know how long that lasts. I have to think they are not idiots and want their company and jobs to last more than 5 years. - Advanced and formalized a Sustainable Growth strategy which will position Harvest for the long-term as a significant operator in Canada's energy industry. harvestenergy.ca Of course I do not want to minimize your concerns. You may be right.

To: Spekulatius who wrote (28926)	11/28/2007 5:16:28 AM
From: anializer	Respond to of 78667

Looks like you were correct on your assessment of HTE and after alot of debate with myself, I decided to take an 11% hit on my position. Dividends are fine and dandy, but when they continue to come at the expense of capital they do us absolutely no good. The market doesn't appear to be in the mood for gambling that this latest round of dividend cuts won't be followed by more bad news, particularly with the rumblings from the canadian Government demanding higher payments from Canadian producers.