Oil and gas managers should stop making quarterly dividend payments and their
investors should stop expecting them, an investment analyst said. Justin Anderson, an
equity analyst at Mawer Investment Management Ltd., said producers make special
dividend payments when crude prices are
high and costs for services are low. The
regular quarterly payments to dividends,
made regardless of the price of oil and the cost of services needed to drill, ultimately
results in lower long-term returns, he said.
“What this boils down to......
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