well sailorbeen around the oi bizz for decades... my early own was Ranger Oil when it drilled in the North Sea... long time passing... enuf said but... the company is doing geat, the financials are great... but they are talking a new road ahead... that chases people away... this was hyper growth for so many years.... now they are talking low growth and returning money to shareholders.... this is a big change. Share owners were in this for growth not divies or buy backs... new shareholders will come. Over time, if they offer a divy the market will reprice the shares, but repricing will occur as they are saying a new road lies ahead... change is coming. Or so this new presentation seems to say.
Regardless this is a great looking buy at mid $9's... like twice cash flow? for a big solid company? cheap... a long term steal relative to past years pricing of e&p's