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High-yielding with a 13.5% dividend. About half oil and half gas. Cut the dividend last spring worrying about natural gas prices dropping drastically over the summer but since then North America had a hot summer so natural gas storage looks better. Surprised the stock isn’t a bit higher. Payout ratio is only about two thirds.
Junior oil/gas producer that cut the dividend, to his surprise. It has continued to decline to the point where that he has started thinking about it as a possible re-buy at some stage. They were pretty close to the edge as far as cash flow goes and, as well, they are about half gas. If prices stay where they are, they are completely fine. Payout ratio is 65% on a run rate. They could cut the dividend again. He is going to wait 3 months through the shoulder season and if gas doesn’t go down and they haven’t cut, it will probably be pretty clear and they might look at it.
AvenEx Energy Corp is a OTC stock, trading under the symbol AVF.TO (previously AVF-T on Stockchase) on the undefined (undefined). It is usually referred to as or AVF.TO
In the last year, no analyst issued a Buy, Sell, or Hold rating on AVF.TO (previously AVF-T on Stockchase) on Stockchase. Read the latest expert commentary for AvenEx Energy Corp.
AvenEx Energy Corp was recommended as a Top Pick by Bruce Campbell (1) on 2011-08-15. Read the latest stock experts ratings for AvenEx Energy Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for AvenEx Energy Corp.
AvenEx Energy Corp is followed by 31 investors on Stockchase and is a trending stock that is worth watching.
Recently announced they will be merging with Pace Oil (PCE-T) and Charger Energy (CHX-X) into a new company called Spyglass and stock price has dropped. Believes this is because of the aggregation of the 3 enterprises and their relative values as of today. A “show me” story. Has confidence in management.