Re: SGY Share Buyback & what it means - Zenda
Only those companies who have an ultra-low debt ratio (right now, at a cyclical low in oil and NG prices, companies like SGY with a ratio below 1:1 are exceeding the gold standard) should consider a buyback.
It'd be risking the company if oil prices continue to plunge and stay down for an extended period. And no competent CEO or Chairman of the Board (depending on which one is running the show) risks his/her company's survival just to improve rates of return incrementally.
Regards,
Naamkat