RE:RE:Better timespierrelebel wrote:
tollycraft wrote: "...My a...s got a little sore with the purchase of XTO a while back and that purchase putting us more in debt, but it is a postive step towards sustainability, I 've accepted that now...."
Ditto.
I also feel Eric sold his holdings in WCP because management changed the plan to concentrate on making profit and sending 75% of free cash flow to shareholders through higher dividends and share buyback. Clearly the purchase of XTO has delayed the execution of the plan. On the other hand, with XTO's production there will be more free cash to distribute to shareholders next year and in 2024.
I also expect Eric to do what is best for his investors (and himself) and reload in WCP shares within the next few months.
So far patience has been rewarded and I expect that patience will continue to pay off in 2023 and 2024.
All good points. I can see Eric at least putting WCP in his Fund portfolio, your bang on, he will do whats best for himself and his clients, which is what I would expect if I was with Ninepoint.
GLTA