RE:RE:NCIBPlease Riverstone and GMT increase the dividend. We could all do well without MoMo 's three cents worth !!
mrmomo wrote: Thank-you for the update and sharing the info with the board Mr. Pjanimal. I think i speak for most here that it is VERY much appreciated by all. Also just a small note on the divvy issue. I've always stated that and was always a FIRM believer that small O&G outfits like Pipestone operating in a very high intensive cap ex industry like this one....should NEVER be paying a "costly" dividend UNLESS you reached the stature like someone at the level of Suncor, Canadian Unnatural, Ovintiv & Tourmaline and others who are set up and are able to do so ....with no issues.
A divvy set up just isn't viable and does not suit someone like Pipestone.But many of these smaller mid tier operators have implemented one in the last few years in order to attract or bring back some of the lost investment/investors which abadonned them with this ESG Green revolution. And though well intended, imho, it was misplaced......by all.... not only the Piper.
Thanks again Sir.......hopefully the good folks over at Riverstone & GMT will wake up and do the right thing for all involved. To me there's only one solution left.......and the reason why i'm STILL here....8)
GLTA