RE:RE:RE:NVA vis-a-vis POU (or vice versa)Sure, it would be long and drawn out, but they have had the bulk of these shares from long before the covid collapse, then picked up 17m more on the cheap. There is no panic to dump it all at once, for all we know they plan to keep these shares for many more years, and start to collect an eventual NVA dividend to add to the POU dividend. POU is making a lot of money from NVA for doing absolutely nothing, not a single drillbit in the ground. Capital appreciation and a sweet dividend sounds like a good thing to me, don't fix what isn't broken.
Long and drawn out sale of the Nuvista shares back to Nuvista would make a lot of sense. It would not put undue pressure on the stock price by dumping it on the market over a period of time, all that would do is get them less money for the shares. Instead, selling it as it goes up with an already lined up buyer to simply cross the shares. Easy peasy.
Just my 2 cents.
Vince64 wrote: That buy back program may be drawn out over a long period of time. I understand NVA is clearly awash in fcf, as most Canadian O&G producers, some more, some less; however, $450,000,000? Disclosure, I also hold NVA.