Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Surprised they're still doing the buyback if trading is that bad.
Evil. You are all evil.
Everyone has been too polite to point it out but please stop replying to this thread, my typo is embarrassing.
Has there been a dividend announcement for January yet? I might have missed it.
Problem with commodity producers focusing on growth is that at some point the commodity prices crash and you're left with a huge waste of shareholders money. Some combination is always best.
Imagine if every producer in Canada went 100% for growth. The market would be flooded.
For all the arguments here about i3e's capital allocation, at least we're not hoarding cash like sqz.
Doesn't the same slide in the latest corporate presentation state that they've fixed 75% of the leaks?
If BP announced that Rosneft money was going to help rebuild Ukraine, or even if it was just leaked to the press, Putin would confiscate it that day. Frankly I still expect it to be confiscated at some point , I'm amazed it hasn't been.
If Rosneft is by some miracle ever sold & the money in the bank I would be fine with the proceeds being used to help rebuild Ukraine because that's the right thing to do.
Sterling has been doing well vs the dollar as well mind.
Thanks.
Charlie, where can we see the amount paid for buybacks so far? Or are you just picking it up from each RNS seperately?
Seems high risk.
Revenues went up 7% here as well, the issue is energy costs. The USA produces its own energy so not as vulnerable to the global energy crisis.
Yes. The reduction in share count is almost hypnotic to be honest, I love a proper buyback that actually does what it's supposed to i.e. reduce the share count significantly.
Share count down 1% in a month, hopefully they can keep to that pace, they will need a higher authority than 10% at the next AGM though.
The problem oil companies are currently facing is that at the current ridiculous low valuations (even big oil companies are trading at 3-4x cash flows) buybacks have a better ROI than growing production. Companies aren't being rewarded much for growing production, so they aren't.
This is a good thing for investors because if every company in Canada decides to increase production oil and gas prices will crash again.
Some comments from Canadians:
https://twitter.com/ValueNotDeadYet/status/1598025334670372865
Looking perky:
https://www.gasalberta.com/gas-market/market-prices
Trading at 3-4x cashflow can't last forever, although I hope it does because that would be amazing for buybacks. Either oil & gas prices come down significantly (and they might) or the returns from here will be spectacular.
If they can sustainably increase the dividend over time then the share price will follow, with plenty of volatility of course.