RE:Article from Globe & Mail... Tim ShufeltMaybe I'm short-sighted but as a long time investor in SGY, I do get tired of hearing that money is being "returned to shareholders" in the form of buybacks. I understand how it works, that less shares will translate to a greater share of future profits, that it's a wise use of company cash to retire shares. BUT, once debt is under control, I'd much rather see dividends raised so I can see some actual cash flow now and I can decide what to do with it. With how fickle the market is sometimes, who knows when shareholders who have held on through thick and thin will benefit. They will, however, fare well with some increased dividends or even special dividends if they don't feel they can support an increase (and never want them to go down).
I'm sure I speak for some when I say that although the share price fluctuations and declines of late are frustrating, at least I'm getting paid a regular dividend.