Originally Posted by
trader_jackson
What worries me is that they make no mention of returning all cash to share holders asap, rather returning some (maybe)
I probably shouldn't have included the maybe, the rest of the statement remains true.
ie they have not said they will wind up the company, and they have not hinted any details on how they plan to move forward, other than "looking for opportunities to deploy our cash by acquiring new producing assets with a preference for gas in markets we understand"... huge uncertainty, with both finalized/total cents per share return and how/if they will continue - at least, this is how I see/saw it, and hence promptly sold
Maybe they will issue a new load of shares to take on an "opportunity" (unlikely, I know, but you'd think if it was too good to pass, and they still wanted to give $100m back, then a new issue of capital could be a possibility)