RE:RE:RE:RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?Hey shareholders1,
So to summarize : you think that the option package provided to management is too generous. And you deem the timing suspect.
They did issue 750 000 options last year on March 9 at 1.71. So the timing and the number of options is similar.
You think they are overpaid : maybe but do you have any comparisons with other companies ?
And have you compared their dividend to other drillers ? (hint : other drillers do not pay any dividend)
The last quarterly was a beauty. And the next quarters should be pretty good. No, lets be even more positive, the next quarters will be fantastic and there is a pretty good chance that this will rerate much higher.
BTW, as this whole industry was in the dump for so long, quite impress by their results and how they navigated the last few years.
Enjoy the ride.
GLTA