SD (16.85) - Kind of interesting that with natgas prices quite low historically, the co announced $2 special dividend, quarterly ongoing dividend of $.10, and $75 million buyback. This dividend always seemed like a possibility because they had over $7 in cash per share and no significant debt. But they'd also filed a shelf offering awhile back and had mentioned in earnings calls that they wouldn't mind doing an acquisition to use up their tax losses. Guess they couldn't find a deal that made enough sense, so they went with div instead. Seems like maybe an acquisition is less likely now. Also seems like the company feels comfortable they'll remain profitable in this tough pricing environment, and perhaps it's even an indication they feel natgas prices will improve from here, cuz they're generally pretty conservative. We'll see.
