Selling 50 cents to book. Wall street still treating it like after the financial crisis.
cant complain for a 50% increase in dividend and $5 billion buy back. It takes a gradual approach which is prudent. The bottom line is bac ready to surge ahead to catch up to rival banks
The difference is even at today's oil price, GST assets are believed worth more than its debt. It is fortunate they are holding STACK acreage
The bottom line is:
Even at today's oil price, GST is believed to have assets worth more than debt.
If oil recovers, it will worth even more. It is fortunate they hold STACK assets and that will allow them to ride on to recovery. Once they can stablize and survive, there will be plenty of upside