RE:The seesaw battleMost people aren't here for the divy alone , they want share price appreciation. And that always follows on the heels of divy increases. Almost never on share buybacks. Ok fine to pay off some debt.
Management is focused on debt repayment and share buybacks, which will lead to bigger year end bonuses.
And rapid share price depreciation that now hits this stock virtually every day.
2 quarters now with no divy increase and wti oil is what, $20/bbl above where they cut the divy by 55%.
I can't figure out why so many on this board vigorously defend managements decisions while watching their investment detiorate daily.
Hedge funds just continue to short this down until there is a change in strategy.