RE:POU GOES The FULL HOG: TAKES The MONEY & RUNS !A few observations:
#1 the Riddell family who control POU are beyond reproach
#2 brilliant asset sale. including Zama is the cherry on top.
#3 oil and gas has been dead money for 3 years. The opportunity cost of not diversifying into US stocks has been huge. The buyback vs dividend narrative espoused by Nuttall has been completely debunked if not destroyed. For retail shareholders, dividends >>>>> buybacks.
#4 the best return of the past few years for Paramount was not Karr/Wapiti but their investment in Nuvista.
#5 it is better it seems to invest a bit eg 5-20% (and not pay a substantial premium) in several undervalued oil and gas companies than to pay a substantial premium to acquire one of them.
#6 the special dividend has 3 hurdles to cross so its not quite a done deal.
#7 after 2025 capex and the special dividend, POU is left with $1B...
#8 in the history of Canadian govt policy, what the Liberals have done and are doing to Canadian oil and gas will go down as the most incompetent and destructive policy of all time. Why? Because it will destroy the Canadian dollar and Canadian's standard of living in one swoop. It has to be said because its the elephant in the Canadian oil and gas room.