Im not wan woo sorry to disappoint. Just a guy who knows when a company pays a DIV and trades under BV then that company is throwing money out the window by not buying back stock instead. When said company is trading at close to 50% BV all shareholders get 50% more for their money by not paying a DIV and instead buying stock. There is a 90+ million DIV payment coming up. Do you want them to pay out 90 million to shareholders or get 50% (135M) more for your investment? Why would anyone want to throw 45 million out the window every quarter? Please explain how paying a DIV right now makes any sense?
and used all that money to buyback the stock they could knock out nearly 6 million shares a quarter. Why with this trading at almost 50% of BV would they even pay a DIV? When oil rebounds so will NE but it could be so much more if they use the money smartly. Lets say it takes oil a year to recover they could take out 25 million shares or 10% just by not paying the DIV. Add that 10% to the already approved buyback and if oil sees north of 75 again NE will triple.