RE:RE:RE:RE:Buyback coming as surprise in Q1? I like the idea of buyback from a mathematical prospective. However, the market doesn't seem to do the math (ie. Arx and others on a buyback rampage last couple years has had no effect on SP)
if they didn't see the need to buy back shares at .14 in 2020, they won't engage in the activity at 3.80 is my guess.
hopefully the shorts have done what they need to regroup their positions and make their accounts right, and now, we can move on.
in my opinion 2024 will likely see (albeit an Election year in US) more Middle East strife with a catalyst.
If this is the case, energy markets will respond, the more sensitive to Oil (Liquids rich producers like Crew now - on account of their pivot) will move up handsomely.
Then, as LNG Canada looks to fill their pipe in a few months, the market will decide to like Montney a bit more, and, my guess is SP will go back to our 52 week high area.
Then, by that time, strip pricing will be slightly better (3.00 +) and at a time we least expect it, a suitor will come along I suspect. And, I suspect shortly after that deal is made, Phase II gets green light.
anyway, that's what I am, a speculator, and that's why I'm here.
Todsy, chart is green so, hopefully that was the bottom. Time will tell. But, the story gets more compelling in my books, sorry Mr. Momo if that makes me delusional, can't help myself!
The Property, the Location, the quality of asset, the low float, the management, their skin in the game, the LNG Canada story, with its major players needing much more reserves, these all create a story. A story that is compelling, and a story, that since my entry point average of .40, has made Generational wealth for me and my family,
I am going to continue to stick around and see the last chapter of the story get told, don't let them get your shares on fear guys.
and trolls - go find a new home,
cheers
PonyBoy Outsider