RE:RE:Winter is coming...Where do you get “... down 50 percent from highs not long ago”? You are going to have show your work to support that contention. From .83/share (highest price since Apr 2017) on 27 Oct to .71/share yesterday does not equal a 50% change by any calculation I can make.
I don’t see “...lots of sell pressure”. The past month looks more like day trading and aggressive shorting by people whose arithmetical skills are weak and/or appetite for risk high.
The risk is liquidity: for a host of mostly political reasons there is very, very little trading in Western Canadian energy stocks; even as the fundamentals have firmed up and cash is rolling in. Few are buying, but for a short trader the danger is that few (save, I suspect, other day/short traders) are selling. The owners of 300M+ shares are standing pat and waiting; they have done the math correctly and there is a substantial payoff coming soon.
“... bizarre explanation”? Mr Hodge deserves good marks for being refreshingly open and sensible on the issue of doing share buy-backs, and yes, a dividend is coming as soon as they payoff the last loan. Which will be very soon.
You are entitled to your opinion, but I suggest you will find you are alone with it.