RE:RE:RE:RE:RE:RE:Is Arx heading to 10Buying back shares means that you don't have any projects that would get a better return in the company. If you think that Kakwa with gas plants running at 50% could not get better returns, their highest netback projects. $120 oil Maybe you should think about investing in something else.
I talked with POU about buying back shares and they said they can get better returns with the money and that they wanted to do buyback opportunisticly, just like TOU. Both these companies are essentially zero debt with equity on the balance sheets (Topaz, NVA)
ARX is really run by the CFO not the CEO, and Bibby need to take responsibility for those dismal hedges that were in place that lost cost two 2 billion dollars that they will never get back.
This is the brain dead approach to running a company by a brain dead management team.
IMHO