Post by
ariesleaf on Jan 04, 2022 10:00am
YOU CAN FORGET ABOUT SHARE BUY BACKS
This is not going to happen for a very long time. Maybe never.
Comment by
Keyplan on Jan 04, 2022 11:44am
I agree, after they accelerate debt repayment and start a dividend the share price will be to high to make buybacks a good idea! Only 81mil shares anyway
Comment by
downtozero on Jan 04, 2022 2:14pm
Their interest rates are too high. Paying off debt is far better than paying dividends since it puts compound money back in our pockets. From there, refinance any remaining debt at low interest rates. Then they have the freedom for share buybacks / dividends.
Comment by
Baystboy07 on Jan 04, 2022 2:51pm
Got to agree with this....pay down debt...then start buy backs...share price need to get up before any return of capital...other companies are at 5 year highs and $SGY stuck at price below Covid.
Comment by
Stockhudson on Jan 04, 2022 11:45am
is it correct that they must inform us ahead of share buybacks even if they say buy a 1000 every Fri morning