RE:RE:I don’t mind people criticizing .. TVE is actually in great shape and pretty good value at the share price. You could do much worse picking names in Canadian oil and gas.
I don't own them, but only because BTE, HWX, and MEG are better options, but only slightly so.
MyHoneyPot wrote: Parmount, 143 million shares, CEO controls 50%, faimly ownership, no buybacks, special dividends, no debt and 700 million in equity on balance sheet, more than 20% production and reserve growth, monthly dividend.
Kelt, ceo owns 25%, no debt, grows 27% a year growth, and invests all it capital in growing share holder value.
The Eric Nuttal thesis is a Lie, he says he want companies to by back their shares and he will ultimately benifit from the long life reserves. The buyback is just so there is liquidity so he can bail. He has done this over and over again like with ERF, CPG, ATH and the list goes on.
I don't trust of believe a word Nuttal says.
TVE is in a terrible mess and Eric has lost money on them for years, BTE is in the same boat now and they need to fix their balance sheet not buy back shares.
IMHO