RE:Debt Target & Shareholder returns
Yes BSW, great perspective with the numbers. In my opinion, the year end earnings results MUST include share buy-backs /dividends. The longs have waited LONG ENOUGH, there strategy seems sound but we must be rewarded for hanging in and for drinking the coolaid. If management keeps harping on paying down debt only this stock will get hit hard. Take the fuel out of the shorters hands. They are making good cash flow and are too focused on the debt in my opinion and they need to change their strategy. If they don't want to buy back at these prices or recently in the $3's, then when? I just hope that they are not using the carrot & stick method to fool the shareholders. What I'm saying is that if the debt is the only thing they're concerned about, how do we know that once it's lower, they sell the company without any returns back to us. Look at CNQ, CPG, ARX, CVE MEG, SU, WCP. They have all surpassed their 52 week highs when oil is under $85, BTE should be trading at $5.50 right now. Management needs to commit now, not saying things like in the future we could possibly buy back or issue a dividend. The numbers look great, the future looks even better so Ed, step up to the plate and start rewarding u$ now.