Post by
TimeTooSoar on Oct 05, 2023 12:22pm
NCIB
I hope they buyback and cancel a lot of 10% yielding stock.
Comment by
PlutusofCrete on Oct 05, 2023 12:33pm
No - don't waste money. Pay dividends or grow production. The share count is fine where it is. Only buyback shares issued due to options.
Comment by
RJboxer on Oct 05, 2023 2:27pm
At current depressed prices, managemnt should ansolutely be buying back a certain % of outstanding shares. The dividend is safe imo, and they can increase production if fundamentals and price dictate. Oh, and next time NG prices jump to $8+ go ahead and hedge some of the forward production.
Comment by
PlutusofCrete on Oct 05, 2023 3:18pm
I would wait for the looming recession to hit and then cut the divy and start buybacks on depressed share prices....bring the divy back when in recovery.
Comment by
RJboxer on Oct 05, 2023 5:19pm
In the lower $7 range I feel the stock price is already depressed. I've been nibbling for 2 weeks, and am still a bit underwater. Don't see much downside from here. What bothers me is if they get bought out at these low prices.