RE:RE:RE:RE:RE:RE:Don't vote for Cation BoD nomineesyes Cardboard. A NCIB is obviously the way to go considering F&D cost is much higher than their NAV. This is my main question at the AGM. I have tried contacting Sax but he and his IR dept don't reply. I guess its because I own less than 100K shares.
It has been generally accepted industry practice to rewrite the stock option price at the low point in the SP. This reinvigorates the key people. If options remain underwater then all the good people jump ship for another oilco where they can tie into the current low SP with their new options.
Bottom line - everybody in the oil patch is greedy and aren't there for moral reasons. Capitalism at its best!