RE:RE:RE:90% of the Disappointment is in the PresentationMyHoneyPot wrote: TOU Premier Company
Sorry i don't buy that, Mike Rose is likely the most successful Oil+Gas executive in Canada, and obviously he understands the patch.
Given the number of questions on this board regarding Earning Loss, increased Royalities, and Flat production and declines at Kakwa. (did you want to finish your thought. LOL)
The TOU NCIB they don't have to implement it at a time of high commodity prices and high share prices, because they are always managing their share float. (isn't ARC trying to mange their float. You thought it was to high. You also thought the SP was low. Arc's avg price on buybacks was $12.38)
So when prices are high like they are right now they don't have to Fix the Balance Sheet, By Back Shares, and can feel good about returning capital to share holders, in fact they just announced a $1.50 dividend to share holders.
The share price is a measure of confidence in management, and if your share prices doesn't increase as a product of your buybacks, you should ask yourself why your doing it. ($12.38 avg and SP at $19 recently)
TOU is a debt free company with the largest gas production in Canada, and a plan to grow a lot bigger. So if you think it is going to fall and break to pieces, you be waiting for a long time. In fact it is kind of laughable to think a 23 billiion dollars company is fall and break to pieces.
You need to get in touch with reality, you obviously have big chip on your shoulders, and i dispise your moral compass. (I actually had to go back and see who posted this. Laughed and thought pot and kettle.)
IMHO