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Time for a new share buyback !?!?
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01-15-2015, 01:23 AM
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 ? 
01-15-2015, 01:49 AM
They could buy 
01-15-2015, 01:51 AM
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.
01-15-2015, 01:59 AM
'Gator'
They could buy ****** 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?
01-15-2015, 02:01 AM
Although speculating, Chandler belatedly trimming his energy exposure seems a pretty good possibility.
01-15-2015, 02:11 AM
He trimmed approx. 10% of his IOC holdings. Pretty good source says he had some margin calls on his energy portfolio.
01-15-2015, 02:14 AM
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.
01-15-2015, 02:16 AM
'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.
01-15-2015, 02:21 AM
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 |
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