RE:RE:RE:RE:CPG to buy 10% stock1234, I will go on the record and also state if the Baytex management team entertained a dividend with the debt above $1B I would see that as a complete change in direction and contrary to their communicated plan and would have to look at other options.
That said I think Ed and team have been VERY clear on this.
I have also said while others give away token dividends they should be putting that money at debt or buybacks.
I will say that forever...I have also said sure Grant holds stocks buy stocks blah blah...but he makes lots of the dividend. I would much prefer them get to zero debt and reduce that shre count 600+ million versus stupid small divy increases. I hold it and do think it has potential but WCP reall should focus on zero debt and BUYBACK....like BTE....I know others have a different opinion....but I want all my holding to tell the banks where to go...
1234bmth wrote: If BTE pays any dividend before the debt is below $1B I'll be the first to sell all my BTE, debt reduction is the most important for now even more than buyback shares.