RE:Happy earnings day, everybody!Looking forward to earnings also Trapped!
Bluechip dividend payer BCE just underwhelmed with a 3% div increase down from their regular 5%.
Of course they didn't have as good a year as ARX and I still expect at least a 10% increase.
They did not pause buybacks but are buying back considerably less so that leaves room for one.
I do wonder if they are buying back just enough shares for incentives and bonuses rather than issueing new ones out of the treasury for that purpose. I am not sure if that is a more cost effective way to do it even with the 2% buyback tax.
GLTY and all ARX BULLS
Trapped wrote: It will be very interesting to see after hours. As we saw the other day, some absolute monster wells came on in Q4, so maybe a production surprise to the upside, but who knows.
Overall, its not the best moment for the industry, but strong players will continue to do well and each passing month gets us closer to the initial Attachie phase coming online.
I have no opinion on a dividend increase at this time. Honestly no idea, but chime in if you feel strongly either way because I would love to hear your thoughts.
Cheers and GLTA ARX Bulls!