RE:RE:RE:RE:Interesting video of Birchcliff CEO Jeff TonkenHey I am sorry if it seems like criticizing, for me , it is kind of thinking out loud and looking for input including yours.
I think it is good to compare all the strategies out there and I think most would have agreed that paying down debt was one of the best ones.
As far a BIR goes if the commodity prices average that $70 WTI / $3 AECO they will never have to make that choice and if it is more they will be winners for sure.
It could be that CR has the best strategy of waiting until all debt is paid in full before any share holder rewarrds (aside from the obvious increase in share price) is doled out.
Honestly I wish PEY had paid down more debt first but I also have to hope that management knew what it was doing.
It could be that in couple of years they all shake out in the same position and we were all winners.
GLTY and all
robert41 wrote: Amazing how quick people criticize something that hasn't happened.. I own pey and Bir for different reasons cr and aav too. You may not like his strategy but the strategy may change. Like him or not they paid off 900 million in debt call it luck or guts or smart whatever it still happened.. interesting to watch these companies in the same industry with different philosophies. I think we are a year or two from determining who the smart ones were...