RE:RE:RE:RE:RE:RE:buybacks likely reporting next weekdllscwbysfn wrote: I didnt say this wasnt a good company. I just like companies that sell me a plan to actually stick to the plan.
HeavyBanana wrote: dllscwbysfn wrote: If I was guessing they might have spent there FCF on insurance and land purchase.
Marty47 wrote: it will be better once the debt is down to 1.5 b as 75% of free cash flow toward shareholders , again we dont know the future , we may get to 90$ wti at some point , again thing will get faster once under 1.5 b debt
One of the positives of share buy back through the open market is flexibility. If your guess has some validity it's for good reason and sound business management. The CRA issue has been derisked with a known fixed cost. It was a smart move.
The recent acreage acquisition was also sound business decision considering location and what they now know about the potential of the play.
Too much hate for this CEO on display on these chat forums in my opinion.
The company is sitting in a good place even if the stock price doesn't reflect how well positioned they are ............ it'll right itself, there is no doubt.
So where did Greager deviate from his plan when it comes to share buy back, dividend distribution and debt pay down as that relates to derisking the tax issue and the recent acreage acquisition?