RE:So…is the new acquisition negative accretion yet?Depends if you think oil should have dropped by $10 to $70/b in one week. Given China is removing the covid lockdowns and not much has changed overall on the supply/demand equation in 7 days perhaps $80-85 oil returns soon. OPEC has indicated they will reduce supply at $70 plus does a cap on Russian oil at $60 have zero effect or does it increase or decrease supplies? Likely the later. This is perhaps a good buying opportunity if oil gets back to $80+ again.
Baystboy07 wrote: Starting to wonder if the Board will approve the dividend increase now that the acquisition is probably negative accretion to EPS. I hope they do not.
It seriously keeps pi$ing me off that the management team is one giant FU&KUP.
PAY DOWN YOUR FUC&ING DEBT...INSTITUTE A NCIB...STOP BUYING ASSETS TO RAISE THE DIVIDEND TO LINE YOUR POCKETS
ITS NOT THAT FUC&ING HARD YOU IDIOTS!!!!!