RE:RE:RE:RE:CC: Alex Gave GOOD COLOR On NCIB EXECUTION Strategy !!!???!! That's a fair short term view, but probably not in the best interest of long term ownership.
I prefer that they actually cut the dividend or best case just keep as is. If the dividend goes up, the stock price will go up and owners like us will just pay billions more on the NCIB.
If we strategically keep the dividend low It will discourage dividend type people from buying the stock bring the price down so we can buy the company back cheaper. When we are talking billion shares , 5 or 6 dollars a share saves us $5-6 billion ! We will get all that back afterwards and much more than we ever would if we compromised just for a small dividenD bump now
Once the company has bought back a great amount of the stock , a dividend of 4 to 6 dollars per year will be easily attainable and then the stock will rise to at least $60 If not more
Again if you want a dividenD that's how I go to another oil company as there's plenty of them paying good ones I'll probably still go up when oil goes up. This one's a different animal