RE:Justin Trudeau StrategyIf yu new that your stock was underperforming but that would end when the hedges fell away in 2023-2024 wouldn't you buy back as many shares as possible before those hedges rolled off and a 2% buyback tax rolled in.
After the hedges roll off and the FCF increases there will be plenty of cash to pay down the debt and pay shareholders because at that point share buybacks will become too expensive.
"ARC Resources (TSE:ARX) Seems To Use Debt Quite Sensibly"
https://simplywall.st/stocks/ca/energy/tsx-arx/arc-resources-shares/news/arc-resources-tsearx-seems-to-use-debt-quite-sensibly-1 GLTA
MyHoneyPot wrote:
Implement a NCIB and buy back as many shares are possible, underperfoming the entire time so that the shareholder base gets discouraged and leaves.
Then you can shutdown the remaining business, and end oil and gas development in Canada.
It seems like ARX is aligned with Justin Trudeau in regards to its future.
IMHO