RE:RE:To many shares and to much debt …Hey I like your optimism but I'll believe the buybacks WHEN I see them. Guess how many shares they bought back and cancelled under the NCIB filed last year?
Not a single one.
Show me time.....
Regards
Aegis
You don't know too much about stock analysis.
1. 550m shares for 61k to 63k bpde production is very reasonable.
2. I put a target at 2m shares per month to be reasonable. Depending on oil prices it could go to 4m a month. And given the daily trading volumes either scenario will drive the stock price higher.
3. Dividend is 4.7% and we'll funded
4. Debt will go to 800m this year or less.
It's OK if it's not your cup of tea.
Get your facts straight.