RE:RE:$72 + oil and only .85 cents LOL...the buying back all shares part is for illustrative purposes...no publicly listed company can buy back all shares in 4 years...NCIBs basically max out at 10% per year
Debt paydown is definitely a possibility though
cahclick wrote:
When ATH reached 60 cents a while back it faultered a few times and fell back to the high forties a time or two before charging on to 80 cents.
If ATH can pay off ALL debt and buy back ALL outstanding shares in 4.2 years at $65 WTI then you should be able to sleep pretty good with oil bouncing around in the $70's.
Is there risk ? Sure, but this is the best risk/reward scenario we've seen for many, many moons in this corner of the market.
For the most part, Funds won't participate very much until there are dividends in the mix. They're coming as long as WTI stays at or above $65.
Pretty much the same story across all oil names. Some big gains coming if oil holds up.
all jmo
glta
MrICE wrote:
Unbelievable that we are selling off this morning with $72 oil.
investors are listening to all the noise and not looking at what is staring them right in the face.