Post by
RollinInDough on Mar 03, 2019 5:30pm
well sailor
been around the oi bizz for decades... my early own was Ranger Oil when it drilled in the North Sea... long time passing... enuf said but... the company is doing geat, the financials are great... but they are talking a new road ahead... that chases people away... this was hyper growth for so many years.... now they are talking low growth and returning money to shareholders.... this is a big change. Share owners were in this for growth not divies or buy backs... new shareholders will come. Over time, if they offer a divy the market will reprice the shares, but repricing will occur as they are saying a new road lies ahead... change is coming. Or so this new presentation seems to say.
Regardless this is a great looking buy at mid $9's... like twice cash flow? for a big solid company? cheap... a long term steal relative to past years pricing of e&p's
Comment by
GorgeousGeorge1 on Mar 03, 2019 5:56pm
You'd have to think she's ripe for a takeover no?
Comment by
retiredengexec on Mar 05, 2019 1:36pm
It would have to be well north of 15 as CPPIB the largest shareholder is all in more that 15. I can't see it now as all the big boys are doing fine now (Exxon, Chevron, EOG etc.)