RE:RE:RE:LOOKING GOODTypical summer swoon is in full effect across the CAD OFS space. I remain scaled bid from .50 down to .40 and have no issues adding at those levels. The pay off in the stock may be more of a 2020/2021 story, several years later than I 1st anticipated but the value is undeniable.
As 2% owners of the equity, I have zero probs doubling my position in the .40/.50 zone. As long as I can improve my avg. cost(around .64 now).
A lot of uncertainty has been removed from the space with the 3 pipelines a go, 2 LNG export facilities at least getting a FID and what I think a final upward push in US Natty gas prices by next year. By year end 2019, USA natty gas demand will increase by almost 10BCF as a result of LNG projects coming on line, bump in exports to Mexico and power/industrial demand.
askQuestions1 wrote: Well last few weeks I've been buying back what I sold earlier in the year. They could pay a 20% dividend going forward at these prices. Question is when with they finally do that? Might need a nudge from shareholders to get them moving.
The company has virtually no debt. Cash piling up has to go somewhere eventually and no better place than shareholders pockets IMO.