RE:RE:RE:RE:Double digit SP It is not just SU, same happened with CPG, again buy back is helping to boost SP, but As I said not at this magnitude, from my perspective the possibility of BTE being debt free within 1 year at current oil price is the main driver of this uptrend, just imagine BTE to be debt free with $40 oil break even, what would be the return to shareholders.
BayStreetWolfTO wrote: 1234, it's tough to compare the impact of buybacks on SU vs BTE.
SU is heavy institutional...the market book is completely different
BTE is heavy retail....the market book is clearly different....the buyback picks off lots of smaller positions...especially when going every day.
With SU you just don't see the same book...so very tough to compare.
I know plenty talk dividend...but share buybacks for these heavier retail names I believe will payback much more than a dividend now....time will tell.
1234bmth wrote: Buy back is driving the SP up, but not at this magnitude, I experienced it with SU, SU was aggressively buying back its shares, but the SP was not moving up until they doubled dividend, I would think there is some news coming about clear water and may be significant debt reduction as well.
CADstock wrote: I believe that buy backs are driving the SP higher.