RE:RE:Hard to keep the faith Just to be clear, I'm not panicking- I'm still here but to suggest that a stock drops by about 50% ( from almost $40 Cdn to under $20) in about 6 months is a bot/ oil & gas swing thing is disingenuous.
I'm glad they know how to produce oil and gas because there is no denying that their PR needs some rethinking. Their chicken little move in December announcing the need to pause buy backs and rethink dividend increases because of the uncertainty of windfall taxes gave the impression that the sky may indeed be falling. They did not owe the market any comment. They had said that approval was granted for 10% buy back over the year and that the dividend amount was tied to debt reduction. They hadn't committed to a specific number in December or January. They could have paused buy backs and not said anything while they waited to figure out what's what. Simply saying, well it's a bit of a shxt show dealing with the EU but we'll figure this out. It's going to cost us but the sky is not falling.
so now they say we'll things aren't that bad so we're going to proceed with the buy backs etc. Too late though, the damage is done. PR 101.