08-07-2013, 10:09 AM
Depending on the amount of cash available, of course, buybacks and a special dividend may not be as beneficial for shareholders as investing more in exploration and development; and I think we now have a CEO who can do that in a highly effective manner. He may prove to be an effective weapon against the shorts, in addition to the XOM deal, which I agree alone may not be enough to really get rid of the shorts. Resumption and initiation of analyst coverage from several high quality firms should generate more buying and help also.