RE:RE:Buy back shares! Paying down the debt is part of my argument. Though, incremental CF gains should be directed towards buying back the stock. Forget dividends, it’s ineffective in this environment.
1) we’re dealing with eco financial forces that are belief driven and want nothing but the total destruction of Canadian energy. Furthermore, US dollars are not interested.
2) dividend investors won’t touch volatile energy stocks! Unless they stabilize the share price through buybacks with a stock that is dirt cheap, they will never get income investors.