RE:RE:ConaI don't think that dropping stock price can help in buy backing considering independent evaluator. cos Cona stock is quite undervalued at current value if we compare with book value. secondly it will be hard for them to get majority consent out of non insiders stockholderss, on this value. Thirdly They will not like loading more debt using remaining credit facity to buy back if option is given thought, and They have only heavy oil and selling non core assets will not generate good money now unless we see some unique thing in NAFTA renegosiation. IMO
I hope, Cuttting the dividend is good move even Waterous is losing money too, and will help stock price to go up around Q3 report even if crude price stay in same price range then what we have today.