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+--- Thread: Time for a new share buyback !?!? (/showthread.php?tid=8056)
Time for a new share buyback !?!? - johnwgrant - 01-15-2015
If last July 2014 was a good time to spend $50MM on a share buyback, why not now ?!?!
Hession must know what the results of ANT-4 and ANT-5 will mean to the next payment from TOTAL - so, why not earmark another $50MM for buying back shares?
We are basically trading for our "cash in bank" value (including the upcoming TOTAL resource payment) - so... why not ?
RE: Time for a new share buyback !?!? - Palm - 01-15-2015
Last one worked out great
RE: Time for a new share buyback !?!? - Gator - 01-15-2015
They could buy 40% 45% 50% more shares for the same $50 million. (Sorry for the cross outs, but the share price kept dropping).
RE: Time for a new share buyback !?!? - admin - 01-15-2015
Not sure that's a good idea, we're up against a tidal wave, buying a few shares isn't going to make much of a difference IMHO and the tidal wave will recede at some point. Better safe the cash for building the business and exploration.
RE: Time for a new share buyback !?!? - CAC - 01-15-2015
'Gator'
They could buy 40% 45% 50% more shares for the same $50 million. (Sorry for the cross outs, but the share price kept dropping).
******
Oil hasn't been down the last couple of days; OSH pps hasn't been down the last couple of days either. IOC not just drifting lower...but diving. I undersatnd some want to say Chandler selling is insignificant because it's only a small percentage of his holdings...but he still made a choice to sell at these lows. He could have been holding...or buying more. The last few days seem at least partially "stock-specific" to me. Any thoughts on what might be up?
RE: Time for a new share buyback !?!? - admin - 01-15-2015
Although speculating, Chandler belatedly trimming his energy exposure seems a pretty good possibility.
RE: Time for a new share buyback !?!? - Palm - 01-15-2015
He trimmed approx. 10% of his IOC holdings. Pretty good source says he had some margin calls on his energy portfolio.
RE: Time for a new share buyback !?!? - cybersssss - 01-15-2015
I do not belive Chandler is a "margin" player.
IOC's collapse is NOT explained by the energy collapse as it is not falling in line with it.
Call it what you will, something is up.
RE: Time for a new share buyback !?!? - CAC - 01-15-2015
'Palm'
He trimmed approx. 10% of his IOC holdings. Pretty good source says he had some margin calls on his energy portfolio.
*****
So I'm in good company. " border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/rolleyes.gif" />
RE: Time for a new share buyback !?!? - Gator - 01-15-2015
PNG energy stocks YTD
XOM -4.5%
TOT -5.6%
WOPEY -6.1%
OSH -8.2%
XOP -11.9%
IOC -29%
PRE -47%
Dr. Hession is happy for PRE