RE:RE:SEE YA AOI AND HELLO CNQpapaloapan wrote:
Been here for just as long. E&P, especially the wild cat frontier stuff, is inherently long term, but seems to me they have become ineffective at communicating - and updating - their vision of where this thing is going.
Buybacks are misdirection. Nigeria is the most important asset but you need to be a forensic accountant to understand erratic dividends and future. Venus - wait 5 years for first oil, and then how many more for cash flow, Their stake in EOG is perhaps most interesting, and they are talking about selling; maybe they should buy it with the money they waste on buybacks.
Easy to answer: Their vision is to get salaries and freebies until retirement.
The future of Nigeria: Always declining and Namibia will make up for it.
Eog is worthless...better to wait for chapter 11...