RE:RE:Too many sharesI think you misunderstood. A company is valued at a certain market cap price. That valuation can change and the price of the stock will reflect the new information. If a company has 500 million shares outstanding, they have to increase value by 250 million just to see a 50 cent change in the share price - which for WCP is only a 9% gain on a signficant increase in valuation.
Too many shares makes the stock move slowly on improving valuation.
Debt is also important and will increase share value as it is paid down. I would prefer share buyback at this price, but I'm not going to be upset with debt reduction either. I just don't want to see free cash flow plowed into drilling and more acquisitions. Enough is enough. It's time for the shareholders to see some return.
WINDGOD46 wrote: It is not so much the shares which dent a stock, CPG has 50 million less shares than WCP yet its share price is lower than WCP. What matters is how much debt each has. And I think CPG has double the debt of WCP. So it's important debt reduction takes priority over reducing the float. And if the oil price stays above $70 debt reduction will be subtantial the next two years, which will boost the sp. On the other hand S Arabia needs $80 oil to balance its budget every year and they are not going to flood the market to please anybody, the same way the big farmas or western monopolies gang up on the Third World countries would not reduce the price of their products.