RE:RE:RE:Share buybacks 2018 to 2021 make no senseAll for PEY buying back shares if it can be a positive for the company and shareholders long term.
We all agree that cash is king right now and I guess pretty much always. if they can finance the thing without bringing themselves down in the short term, it may very well be a great deal.
Unfortunatley for those of us shareholders who are lovin the dividend, another way of getting out from under the financial obligations of paying the thing is just to stop.
Certianly there are interesting prospects for NG on the horizon givin the state of affairs in the oil industry right now. PEY seems to be in an interesting position and hopefully comes out of this ready to prosper. I mean they are lean in terms of their staff and they seem to be in a position to make quick adjustments. I don't wish ill upon anyone but the reality is that there are likely to be casualities in the industry in the coming months. PEY may be well positioned to benefit from the certain reduction of Oil being pumped.
There is a human side to this and we do need to pray for those in the oil and gas industry and for their families. As bad as this has been for investors at least the worst may be close to over. For the business owners, their team members and families in OIL and GAS there is unfortunately far to go, I fear.
BEER