Post by
drunk@noon on Sep 13, 2023 4:56pm
I usually love share buybacks, but when they are material
enought to make a difference. Buying a few million a quarter, when there are over 920 outstanding isin't enough to make a dent. Better off keeping it in the bank for the next rainy day, or incase the next rainy day doesn't come. I do appreciate the update, their guidance implies they wil be able to avg 12,000 bopd for the rest of the year, as that would be what it take to meet guidance. And hopefully they make the investments neccessary to load out 24,000 bopd once the water levels allow, as in the payback on 90 brent is unbelivable.
Comment by
jwillis9 on Sep 14, 2023 7:22am
I would definately buy back shares too if I was in his position as he knows it's only a matter of time before the share price rockets upward, a very smart move and a very well run company.