RE:RE:RE:RE:RE:RE:Strength or weakness?More of the same...
Earlier this year, the claim of reducing debt by over $350m in 2022 with a $375m capex program was nothing else than words not to be trusted. But it was already then very predictable.
More than doubling the dividends and not buying a single share under a NCIB when shares trade so cheap is completely stupid. If they are to print 3-4 million shares for RSU and other perks based on performance, why not buy these shares on the market when they trade cheap?
Good quarterly results, better than I expected.
Nice to see decent hedges put in place after the end of the quarter.
In the end, I keep lowering my position in PEY and increase the one in TOU.
Much better execution at all levels.