RE:ANDY BELL of BNN speaks about Management's Obligations 3:30Phantomblogger wrote: https://www.bnnbloomberg.ca/whitecap-buying-torc-for-565m-plans-6-dividend-hike-1.1533927
The above clip with Andy Bell, where he refers to Eric Nuttal's assertions (3:30 in the video clip) about management's obligations, which is in STARK CONTRAST to what the CGX management has been doing; especially the outrageous payments made to Tralisa, Suresh and the rest of the gang, for doing absolutely nothing. They've just been getting paid for sitting on their hands, keeping their seats warm, with their stated philosophy being, "we're sitting on a "derisked" asset". Presumably that everyone should buy shares; they will sit pretty and everyone will just come and want in to CGX, eagerly and chomping at the bit!
The above linked clip is quite instructive especially since we are in a new world of oil prices, supply and demand!
Spot on Phantomblogger!
Good find. Thank you for sharing.