Oil and Gas Discussion BB - Cash-rich Canadian oil firms favor buybacks as other options narrow - Oil and Gas Discussion BB - InvestorVillage
Oil and Gas Discussion BB

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Msg  49296 of 50225  at  5/14/2019 2:22:40 PM  by

bankbuyer


 In response to msg 49295 by  ffrvp97
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Re: Cash-rich Canadian oil firms favor buybacks as other options narrow

  The buyback story cant happen for many as they have too much debt.
 
The ones that have bought some stock back are UNDER WATER on their purchases.
 
The article states flat out that there are few buyers for CA assets.
 
I suggest you check the balance sheets of many of these firms and see how much cash is actually on the B/S.either in total or per share.


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