From augustWas a good buy at a dime....as always.
yeah, I'm out again but not for anything the company is doing wrong- just why mess with a proven trade.
Anyway, might come back in on a pullback (maybe won't happen but oh well) with an eye for longer term holding. Pet peeve here for me has been the covenants with the lender and some of their hedges. Brighter note-mngt has been more forth coming as of late and good to hear that debt reduction is talked about. The lender,to me,has been good cop/bad cop.
I know the approach these days is to throw everything out there to see what gives a price boost
(Insider buying,asset sale,debt reduction,drill,ncib,etc.etc.) but the market is what it is.
I think in this case cap-ex halt, easy on the ncib, and knock as much off the debt as possible (get to where conventional lender-cheaper- will come back in) is the way to go.
If hme were to do a flow thru or rights offering late 2019 early 2020 I would jump to get in.
Good fortunes