RE:As we wait for 2nd QuarterSteady As She Goes ..
Smart Directors and Management .. I attended the AGM and though there were no anouncelents made, there was an optimistic tone to the meeting .. The company continues to accumulate cash and look for the best opportunity to take this company forward.
Raising capital at at this share price would be dilutive and would make little sense .. Negotiation with the majors in the area seems like a viable option as well as expanding the business to own other facilities. As well, there is some big gas offshore and so, that provides other options as well.
All in good time .. I would think a remarkably great capital gain or a dividend paying company for years to come are likely outcomes IMHO .. I'm good with either .. Happy to own this and not Cresent Point at the moment ..
GLTL's
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