RE:Remember when buybacks started?I am happy Max, buying at these levels yes. I would also suggest some of the long-term holders are perfectly fine with it as well...but for the small mind yes they are focused on the value of the share price today not the company value.
So yes some knew what you were saying in the short-term logic.
Maxmoe wrote: Wasn't long ago. There was a great screeching of incredulous complaint that bte was buying back stock too high. At the time I said no way man, I hope they buy back stock at $10. Why? Because the stock would be $10. Mic drop. Walk off. Well, now the stock has sold down to the low,low price of 6 and change. So now are we all happy the company can buy back stock so much cheaper than a couple weeks ago? Or do you all get what I was saying. It's better for all if the buyback is happening at $10. I know my account would be about 50% higher! LOL. Came close, and if oil "only" stays over $100 we are going to see great results for Q2, a big drop in debt, continuing buybacks, and who cares, not me, maybe even a little divy. I'm happier with accelerating the debt pay down and ramping up the buyback. So much cash, what a great problem to have deciding how best to deploy it! I'm expecting $10 this year, the sooner the better. GLTA and dyodd, don't take advice from a schmuck on a bullboard.