Why has management not borrowed money at today's low intertest rates to buy back stock that is costing the company over 10% in dividends??????? Borrow money at 3%, buy stock to support it AND save 7% (the difference between paying a 10% dividend and paying 3% on borrowed money.
The worst management and board of directors I have ever seen.
Isn't it obvious? This PWE outfit has been a very poorly managed Canadian company.
There are so many other oil/gas companies that have been quite share holder friendly with div/distro growth and mucho pps appreciation. PWE is a Dawg!