RE:RE:RE:RE:RE:Telegraphing.....But it shows how high quality stuff will get paid in cash right now. Storm was very consolidated in their focus and that is worth alot.
We all should cheer for Tamarack Valley to have awesome financial results so they can buy PROP.
I am looking forward to open. I have a nice sized oil short position< think I am short at around 84.51, I will double down if I have too lol and inventory report today gets wonky and oil happens to shoot to 85. Right now it is looking good for me. And if oil drops I am taking the profit and putting into OBE. Need more obe shares.
I am holding for the oil inventory report no matter. So interesting what it will be.
kavern23 wrote: Storm Resources just got bought for 6.28 cash and they were trading at 5.91 yesterday.
Reality check for share owners...that has to suck for the long Storm shareholders...I mean I am sure they woiuld want to get a premuim higher then this.
Storm has top notch assets. Only reason I avoid them was the indingenous claims around that area are dicey and can change at any moment.
Storm has a smart management team...probably reason they sold out. Doesnt make sense any other way. CNRL is better able to handle the legal battles ahead.
Geezer...I didnt mean Q1 of 2022. At some point in time in the future, OBE will be able to pay a divy along with a robust capex.
Divy will be the answer some day as we are not getting bought. We need to shareholder return our way to plus 12.
geezer21 wrote:
"My guess is that 300 gets split 50/50 div/(debt & cap ex)"
Wanting dividends is a bad idea. Wanting a few percentages in dividends rather then leaving money in a company earning returns over 50% or more is foolish.
Leave the money where it is earning the most.
If you want a few percentages go buy a GIC with no risk.