RE:RE:RE:Have share buybacks really been accretive?Well management is not living in the past.
Remember the hedges were put in place by VII to guarantee FFO to cover their huge debts.
Now the hedges are rolling off but who knew that Malin would have such high NG prices?
BTW the funds made from Malin gas sales far outway the hedge loss they took in Q1.
Hedges will roll off. No one is buying them back obviously. Which is probably better.
Again CVE bought back their hedges and have no money for share buybacks now or dividends
CVE yields 2.5% and is down 9% ytd trading at $22.69 CAD
ARX yields 4% and is up 4% ytd trading at $16.91 CAD
Want to bet which stock wins the race to a $30 CAD share price?
Don't be surprised if it is the one that bought back shares and not hedges.
EASY HOLD!
GLTA ARX BULLS
MyHoneyPot wrote: I will stop complaining about hedging losses, if heaven forbid they ever have a hedging gain. The incompetant CFO/Bibby that run the hedging profile will ensure that never happen.
ARX needs a complete accounting/finace changeout for the company to improve.
Bibby needs to go.
IMHO