Introduction
It may have only been a couple of weeks since oil prices started plunging heavily due to the coronavirus and the OPEC oil price war, but many companies have already announced significant dividend reductions. One of which is ARC Resources (AETUF), whose dividend I previously warned was skating on thin ice approximately two months ago and has subsequently reduced their dividend by 60%. Normally when a dividend has been reduced significantly, it becomes safe to assume it is now sustainable, however, unfortunately this does not appear to be the case this time.