Post by
Darwyn on Jul 28, 2022 10:52am
A little love to shareholders
Seeing what TOU has done for its shareholders, it might be nice for OBE to give a nod in the form of a special div. There are many long term holders who have held through a few iterations and virtual insolvancy supporting the company along the way.' Leadership has done a good job but in fairness have been handsomley rewarded through comp and share appreciation bounuses. With the new credit facility in place they have the ability and financial flexibility to make this part of the return of capital to shareholders. With approx 82 MM shares o/s they could accommodate up to buck a share special without instituting a regular div at this time.
This company is executing but this may send a message to the investment community that shareholders are being kept in mind. Seems to work for Mike Rose building TOU.
Comment by
arnolddiver on Jul 28, 2022 12:20pm
It will happen in q3. I think share buybacks first then divvies. Hard to be patient for us longs but Loukas is executing to plan. I think we get bought out next yr.
Comment by
Darwyn on Jul 28, 2022 12:40pm
Patience... can you say Canetic and royalty tust massacre... Pennwest fraud..litigation and massive share consolidation. Think your right about buy out, Loukas is setting this whole thing up for it. Gotta see it run to $20.00 and then an offer for 30% premium and then I will be close to breaking even ! Wondering if WCP is the fit ?
Comment by
JohnJBond on Jul 28, 2022 3:10pm
Start thinking about the dividend you will get based on about 74 million shares outstanding