CALGARY, Feb. 15, 2012 /CNW/ - Longview Oil Corp. ("Longview" or the
"Corporation") announces that the February 2012 monthly cash dividend
will be $0.05 per share and will be paid on March 15, 2012. The record
date for the dividend is February 29, 2012, and the ex-dividend date is
February 27, 2012. 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 growth and yield 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 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
All dollar amounts in this press release are Canadian dollars unless
SOURCE Longview Oil Corp.
For further information:
Toll free: 1-855-813-0313
Longview Oil Corp.
700, 400 -3rd Avenue SW
Phone: (403) 718-8000
Fax: (403) 718-8300
Web Site: www.longviewoil.com