RE:RE:RE:RE:RE:FROM OBE board.. truth hurtssnowshoedb wrote: GF may not be in the drivers seat but certainly has significant influence by the shear weight of his holdings. I don't expect the company to run exactly as it did before with a major focus on ROC. I expect that the company will take a balanced approach focussed on growth and ROC in the mid Term.
I anticipate the model will look something like the following starting in Q2 2023:
1) Dividend = 5-10 cents/mo (30%-50% of FCF returned to shareholders)
2) Production Growth 5-10%/yr
3) Diversification of Drilling or Production areas
a) Higher Impact Areas (Clearwater, Montney etc)
or b) Non Core asset purchases
You're wrong as usual. Nobody is getting rewarded for growth but they are being rewarded for ROC. If they choose the growth route then we might as well shut off the lights.
I do not see any insider buying at these undervalued levels. If I was GF, I would be wanting to cash out so my estate is less complicated and because I no longer control the direction of my company.
Everyone has an exit strategy. We just don't know what it is. The best exit strategy here is to sell the company though.