I strongly beg to differ ric81281.
(SXY holders, please bear with me - although I do hope one day that SXY is in the position to reward shareholders through dividends).
One such company to buck the trend is Beach Energy, who paid a dividend back in 2002, its MC was around $40 million. Beach then undertook quite a few corporate deals which, as you mention is where most oil & gas stocks spend their captial. Though in 2006 they started paying dividends again, 7 years later they continue to...
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