RE:Starts to become a real takeover target MLEWICKIMBA wrote: 1. No taxes for seven years....
2. Big increase in net assets
3. Balance sheet by EOY 2023 best in class -- No mid cap can compete I feel.
3. Debt will be reduced further this year by $25M is my estimate -- leaving an amount of $50M +5% retirement amount over the remaining three years if they choose.
4. Performing assets due to great management.
5.. It is likely in three years this is $10.00 stock.
It could be. I've stuck to my plan to take it one double at a time. If I see a reasonable scenario for a double in 12 months, I just keep holding. It's done me well. Many doubles ver the last 3 years. I don't think we need $100 oil for the next double to $6. A healthy buyback with $80 oil should do it. Net debt will become net cash. When we hit $6 we can discuss the $12 scenario which probably will require the reasonable $100 oil plus the NCIB, plus a sib, and why not, throw in a couple variable dividends.