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from Yahoo board - Conference Call 5-Mar-10 11:18 pm Lots of good stuff in the conference call:Conference Call 5-Mar-10 11:18 pm Lots of good stuff in the conference call: 1) Dividend increased by 40% 2) Share buyback of up to 2.5% of outstanding shares. 3) In May a vote will be taken on a proposed 2:1 stock split. They had $3 bln in free cash flow and a total of $6 bln cash flow from ops. Due to equipment problems at Horizon, daily production dropped from 97K b/day in Nov to 42K in December. In Feb they were already back to 84K and reported March is already showing an increase. I've been in and out of CNQ numerous times and loaded up again last month in the 64's and 65's when we were facing Financial Armageddon Part II (Greece crap). I'm tempted to bail out and reload again, but there are so many positives we might go up quite a bit more before any pullback. I guess that's a good problem to have. Rating : |
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