Post by
OptsyEagle on Oct 26, 2021 12:25pm
What's Up
You would think that a company like PSD, in an environment where gas prices and oil prices are doing great, would be on fire from a stock price perspective. The company's debt levels should be close to zero when they report Q3 earnings. That means stock buybacks should resume for sure, and either special or regular dividends should commence shortly thereafter.
Is it just that PSD is falling below the radar of most investors or am I missing something?
Comment by
gmf1001 on Oct 26, 2021 12:33pm
I think you are bang on. Debt should certainly be zero when they report Q3 and from that point cash flow will head back to shareholders via buy-backs to push the SP up, and for some form of dividends. I'm hoping to see some pretty nice returns as we head towards the end of the year and in to 2022.
Comment by
neigegarcon on Oct 27, 2021 12:10pm
PSD had great first and second quarters, and that was before the spike in oil and gas prices. The higher prices will be leading to increased exploration, which can only be good for PSD and its bottom line.