RE:RE:RE:RE:RE:RE:RE:RE:Oil goes up and stock goes down too funnyJayBanks wrote: Last October we seen a dividend increase followed by the financials in November... I'm not suggesting we see one announced in a few weeks (but I want it)...
Our Bank Debt has been mildly reduced from that Q3 to our current Q2, but Net Debt has grown... but by the end of September both Bank and Net might be substantially cut down...
Also Oil is currently in a similar area as at that time, altho the preceding circumstances are different as at that time oil came from above, but this time it is rising into the current price...
Dividend ignored, I see us getting a really strong Q3 report and could see a return into the 9s, maybe 10s... last year the SP was lower and vaulted into the mid-upper 9s, we are starting from a higher point and might get a report with a much better outlook, tho maybe not as fundamentally strong as 2022...
I think monthly updates would be nice for info and tracking, but would contribute more to volatility on its releases each month as they would create more noise in an already loud sector...
Good perspective mate. I would prefer they just pay down the debt as much as they can and as quickly as they can. They will save on interest payments which they could then give out as special divies. Just a thought. BTW if oil stays above $90 for 5-6 months, the debt load would evaporate.