RE:RE:RE:RE:Cj financial position.sclarda wrote: Billybabin61 wrote
Your point is well taken but I think another read of their last Q and summer presentation is in order. Their goal is to be debt free by year end and this goal like many other companies in the sector is highly dependant on the price of oil. I don't see the words guarantee or promise anywhere, but i do see goals and a strategy. Thus far they delivered on what their strategic direction was prior to the debt reduction improvement, share buyback and implemntation of the dividend. Sometimes we get too far into the weeds on these things. There are many variables but the copany by all appearances is on the right track and it most likely won't happen overnight. I like their netbacks, production increase and what they said they would do and have done.
---------------------------------------------------------------------
Maybe you should re read the last quarterly report. They state that when debt is under $50million they will increase the dividend and a keep buying back shares. When they did this report a couple of weeks ago oil was in the $90 range as it has been for quite some time. They should not be saying they are going to increase the dividend and do share buybacks and have a "Strategy" of being debt free by the end of the year when it is not possible to do all these things at $90 oil where we have been at for the nearly first two months of this quarter.
where did they say this? What I can find is that when debt < 50m="" they="" will="" increase="" shareholder="" returns.="" they="" weren't="" specific="" about="" how="" they'd="" do="" that,="" only="" that="" they="" will.="" they've="" got="" a="" stated="" goal="" of="" being="" debt="" free="" by="" year="" end.="" maybe="" they="" make="" it,="" maybe="" they="" don't.="" that="" depends="" on="" commodity="" prices="" which="" they="" don't="" control.="">
I think you're being a little disingenuous with what you're suggesting. Show me a news release or corp deck that confirms what you're saying.