RE:RE:barangaHi Tyler. Congrats for having the B***s for buying more GXE and making some money on a quick trade. But you have to admit, there are a lot of beaten down canadian oil companies that could have been traded for good money over the past week. And I would advocate that some of those alternatives are less risky than GXE. But if GXE is working for you, that's great. But I decided to add to my Veren and Paramount stocks with the idea of trimming them if they had a quick rip. They seem safer to me because if they don't rip there are still nice divvies coming up down the road.
I disagree with you that if the vote goes NO that the GXE shares won't get over 60 cents. GXE had enough free cash flow in 2024 with only modest WCS pricing, to pay a handsome dividend, keep production stable, and slowly work down the small debt that was on the balance sheet. so if GXE goes back to its old self it should have free cash flow again (I know that production will be down since they are not drilling in Q4 but not drilling also means NOT Spending, so the balance sheet should be better). So what can the same old GXE do Feb if the NO win, well start drilling and institute a buy back. If they could afford a handsome dividend in 2024 they should be able to afford a handsome share buy back in 2025. The price of oil has been reasonably stable and $CAD is down,so there should be free cash flow this year (or more) like there was last year. And if a company has free cash flow and no debt that free cash flow can be used to grow the compnay, buy back shares, pay a dividend, or a combo of those options. Grow the company and instittute a buyback is what I would advocate.