Obama was irrelevant in the UK vote. The local banks and the politicians being out of touch with the common man caused the revolt.
To complete a DUC well costs about 70% of the total well cost. The drilled hole to depth is the cheap part. Until the company gets a fix on oil values, it would not be prudent to start expanding production with borrowed money. In the mean time , by paying back debt, the company will reduce interest costs and create more FFO. I believe timing of expansion is what counts, and unless you have access to information, not available to mortal man, the future is still unclear. I do not want management to gamble with my shareholding.
SXCP is in a sweet spot , with no expose to coal mining and iron ore production. Why do you feel it is a good idea for SXCP to get into a low margin business?
net, I have to disagree. Debt reduction has to be the first priority. They stated they would be drilling more wells in the remaining properties. With lower debt , they can always rise loans/ equity to finance expansion when the oil market recovers, and with the drillers in trouble, bargain rates will be here for a long time.
This is a time to be prudent with shareholder value.
Purdey's are beautiful shotguns. Measured to the buyer like a tailor does. Retail price about US $ 30000. Best shotgun I have seen was a Holland & Holland over and under which was also made in the UK.
You may get your education from Fox TV, but gun ownership is legal in the UK. The only thing is they perform proper background checks and sale of assault guns is not allowed.
You cant buy them like candy as in the US.
Looks like they are actually doing something. About bloody time. Lets see if they can partner with someone who is prepared to work at making money.
I don't trust anyone. As stated, i did my own due diligence and came to a similar conclusion. Thanks for the concern