Valuation I agree with so much that has been said. The price of oil is 110 and we are down considerably week over week. None of this surprises me , and I am sure you !
So tell me what you think , isnt Whitecap worth 10 bucks at 60 dollar oil ?
I love the moves they made with acquisitions . However given the volatility in oil , my worry was instantly , will the benefits of these aquisitions materialize before sentiment changes ?
I think we are seeing the benefits now , but these were great moves , and we are 10 times the company CJ is , yet since the bottom who has done better and its not close. You would doubly almost triply be better in CJ and now to add salt to the wound a 8 plus % dividend.
So so I think CJ others are better ? No not even close actually , but doesn't matter what I think , the market right now seems to think they are.
Longer term these things work themselves out. One thing I know for sure is. We are once again grossly undervalued , we should be re rated with the current debt we have all of that.
Unfortunately, it will take a substantial dividend increase to get us where we need to be and I don't think they will do it shorter term. Buy backs are more important amd price lower is making us a return. Hard path to be on. It's the right one.
8 percent divvy. CJ. Cmon. It's tough. For sure.