Missed consensus badly,lowered 2014 production numbers,announced 2 unsuccessful wells and closely watched Titan prospect is non-conclusive...Time to reload Buyback program to take advantage of a lower Stock price ?!
yes, Q2 results not what I expected. Seems like it would be a good time to announce completion of the planned sale of Malay assets and the old refinery in WhalesUK...then use the cash generated to step in for a major buyback of shares...next news dispatch will taste sweeter...staying long and strong for the full ride
From the CC they said $550mm to be repatriated from sale of UK Refining and Marketing subsequent to the Oct.31 closing..Time to spend some/half of that $$ on Buyback...Use the revolver now and payback later.