Big Dividends product of Big Ideas People need to realize that TOU will still be growing, and the growth will be a lot more strategic.
Not Sweating
- Share Buybacks
- Unsustainable Dividends (Special Divvy Policy)
- Debt Buydown
So what is Mike Rose doing now that the TOU machine is just spewing out cash with no debt, and over 3 million acres of resouce, do you think he has gone into retirement.
No other energy company is positioned the way TOU is, they just paid out 400 million in a special dividend, and they are still zero debt. Do you think if the right investment came along he would not buy it if it was accretive to TOU.
TOU just does not want cash sitting on the balance sheet.
TOU likely has twice the opportunities as it had before the special divvy and it tools are now, (TPZ, Small Valuable Share Float, Zero Debt Balance Sheet, 3 million acres, 3rd largest gas processing infastructure, Fiscal Flexibility, and Management Ownership, 2% borrowing, with its stellar credit rating)
This is just the start of a new phase of growth for TOU, that other companies can not even imagine.
IMHO