RE:How can this go wrong ?x-x-x wrote: -Paid off all debt by end Q1. Is there any others that close ?
-no mention of dividend in upcoming financials ?
-no mention of share buy backs ?
Somethings got to give cause where will they stack all their money come February ?
For those holding their breath for a dividend with one hand on the sell button if it don't transpire, please scoot over to SES Secure energy and see what an over reaction looks like.
Hint: + 14% now, a day after the sell off from the lack of dividend increase in their quarterly report.
I definitely won't be selling any shares. If I recall correctly from the Peters & Co presentation, the CEO wasn't all that keen on a dividend, at least not at this time. He did seem fine with a buyback though and I think he really wants to put that FCF into growth. Not sure how the market will take that. I would think that once the debt is cleared off, the market would forgive some FCF being put back into growth if they institutued a buyback as well.
I'm fairly bullish on oil so I would support putting some money towards growing production.