Longview Announces Cash Dividend for May 2014 payable June 16, 2014

(TSX: LNV)

CALGARY, May 15, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") announces that the May 2014 monthly cash dividend will be $0.04 per share and will be paid on June 16, 2014. The record date for the dividend is May 30, 2014, and the ex-dividend date is May 28, 2014. The dividend is considered an "eligible dividend" for Canadian tax purposes.

Longview's business strategy is to provide shareholders with attractive long term returns that combine both income and moderate growth by exploiting its assets in a financially disciplined manner and by acquiring additional long-life oil assets of a similar nature. Longview's asset base is comprised mainly of operated oil-weighted resource plays with high working interests in the Western Canadian Sedimentary Basin.

The payment and the amount of dividends declared in any month will be subject to the discretion of the board of directors and will depend on the board of director's assessment of the Corporation's outlook for growth, capital expenditure requirements, funds from operations, potential acquisition opportunities, debt position and other conditions that the board of directors may consider relevant at such future time, including applicable restrictions that may be imposed under the Corporation's Credit Facilities and on the ability of the Corporation to pay dividends. The amount of future cash dividends, if any, may also vary depending on a variety of factors, including fluctuations in commodity prices, production levels, capital expenditure requirements, debt service requirements, operating costs, royalty burdens and foreign exchange rates.

All dollar amounts in this press release are Canadian dollars unless otherwise indicated.


SOURCE: Longview Oil Corp.

For further information:

Investor Relations
Toll free: 1-855-813-0313

Longview Oil Corp.
700, 400 -3rd Avenue SW
Calgary, Alberta
T2P 4H2
Phone:  (403) 718-8100
Fax:      (403) 718-8300
Web Site: www.longviewoil.com
E-mail:  ir@longviewoil.com

Organization Profile

Longview Oil Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890