RE:RE:Analysis of Nuttal on VETRetail and Funds have completely different objectives and exit strategies. Fund managers have an 'end of year' horizon to book profit while retail has the luxury of time. Funds have the benefit of substantial data collection and specialised computers capacity while retail is always a day late and a dollar short.
Sites like this are for sharing info and entertainment, not market decision making. The conclusion I draw from the latest news is that the market is not pleased with GXE's plan to withhold 70% of free cash flow from shareholders. Promises of buybacks or special dividends are not the same as declaring them and accelerated growth, whether drilling or acquisitions are not shareholder returns.
Gear needs to better define their shareholder return policy because the market sees too many opportunities for management to squander the free cash on growth initiatives. While I have a certain amount of faith in Gear's ability to further define its shareholder return policy at the Q2/22 release, obviously, the market does not.
This vague release about 450 wells and infrastructure certainly lends no confidence in GXE's disclosures.