Well let me ask, does this make anyone a limitless more interested in what could happen. CNBC was also saying interest may start flowing into the refining sector. So sounds to me like we are going up no matter what happens
Okay been awhile since I have looked at the news. Last I knew the company had stopped the dividend and was going to buy back shares, to increase the stock price. Well stock has not moved much so are they buying back as they said. Has there been any talk of doing a dividend again?
Well I have went back and read quarterly reports, most news releases and analyst targets. Company is doing some good things and I do not think analyst are taking that into consideration when assigning a target price. Right now I found a 2.75 target price but that does not take into account the 40 million the company has to increase value for share holders. Earlier I questioned wether the company had cancelled the dividend, yes they did. They cancelled the dividend to buy back shares and increase share holder value.
Company has refinanced for lower interest loans, has money for buy back. I see movement up over time and far more than the 2.75 that the analyst give.