RE:RE:Debt Target & Shareholder returnsHi Wildfury, I agree the strategy is sound and we have so far been rewarded in 2021 and continue to be in 2022.
The shorters will continue to take a hit in due time.
Some of us aren't done adding to our positions at these levels.
Agreed they are making good cash flow and debt is being chopped down. Nothing much has changed in the last 6 months (other than other companies have announced some of those things)
BUT lets see the data and where those companies you listed are compared to BTE in the last 6 months when MOST companies were starting to talk shareholder returns.
This is a 6 month chart and that red line is BTE at the top. So I guess you could argue even with all the share buyback announcements and dividend announcements in the last 6 months these companies STILL have not exceeded the 6 month BTE chart.
That makes you wonder.
We have 1 good shot at a shareholder retrun News Release...lets not blow it. I go both ways...sure it would be nice to see something Feb 24th...however it could also be nice if we hit $90-100 oil in spring and throw it out there. I'm torn on timing to be honest....but I don't want to waste the PR...
Just another perspective
Wildfury wrote:
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.