RE:RE:RE:RE:Open letter to the board........The difference is Canadian O&G received close to $100B in COVID welfare plus loan extensions on everything while AOI needed nothing because they have nil overhead, cash, and divs are not income disqualifying them from the embarrassing Canadian welfare orgy. Buy the rest of Canadian O&G if you like they. I will never buy shares Ina a company that was so weak they needed welfare after three months to prevent bankruptcy.
Ferryboy wrote: I woud like to see AOI follow the example of other Canadian O&G companies re their enhanced shareholders capital return program where companies have commited to returning 50% of FCF once certain debt metrics have been reached .. and then 75% (or more) when they are debt free (many in early 2023). AOI has no debt obviously so they should be at the higher level
When first announced, I thought acquiring more production was a good idea but I am less sure now. AOI is such a compelling case for major buybacks I would forego any cash dividends to focus just on BB .. for the short term anyway.
Keith needs to have something good to say about all this when they release the Q2 results in August.