RE:RE:RE:RE:Macro chatPenny...I like divys and NICB as well...but my question is...due to the play they are in...cardium...should IPO be saving capital for down part of cycle to buy other cardium players? instead of paying capital out.
NCIB I guess are okay as by lowering shares outstanding it good for any potential increase from a takeover.
But IPO has had great sucess from buying others ARC property to even Priaire Storm.
Even if we are hitting a cycle of 1.80-2.05 summer NG prices and 2.20-3 winter prices...something has to give and mergers will have to happen.
Obsidian is the company in great shape either way...if prices get low and companies need to merge...OBE has the size to do the deal.