Post by
MyHoneyPot on Oct 03, 2023 11:06am
Liquid Gold
Canadian dollar is 72.90 U.S.
So when a Energy company becomes debt free, its currency is oil, which is separated from the Canadian dollar, with its price set by the global oil trade.
So buying energy stocks that are debt free, really is a safe haven in Canada, where the government wants to build electric cars, that people can not afford, and are not suitable for Canadian Climate Reality.
This is just another buying opportunity, NVA continues to get stronger, and it balance sheet they will be debt free soon, and their production continues to grow.
Even a part of the stock market you know that a debt free company will have a intrinsic value that cant be squashed by the poor performance of the economy based on Liberal policies.
WTI Oil is 89.30 today an canadian dollar .7287 = 122.50 dollars canadian.
Cash is king buy if you are evaporating share capital in buybacks, you don't have the opportunity capital when the need arises, or when you want to scoop up a company or assets.
NVA now has a rock solid balance sheet, time to pay shareholders, and invest in the business, and kick these Eric Nuttal spreadsheet jockies to curb.
IMHO
Comment by
ghostzapper on Oct 11, 2023 11:31pm
I'd much rather see a company moving towards being debt free than buying back their stock. The absolute worse case scenario is paying a dividend and incurring capital depreciation.