Will do. If they can get highly cash flow positive with the Tarrant County 3 horizontal wells helping, then they also might look to get more aggressive with the share buyback as well as the debt repayment. But I'm not sure how much $ they can still throw at the share buybck program. They mentioned 2x a $250K share buyback so would guess they could go to $500K (but they've used a chunk of that laready, I forget how much).
Considering share price vs interest rate on the debt currently, I'd actually push for the share buyback program at these levels. I may mention that to Mr Tyalor if I can reach him, or mention it to Tammy next week when she gets back in.
You can tell Mr Taylor is mostly retired, taking only $4K slaary. I'll give him a big 'thank you' as a shareholder if I tlak with him:) Although Tammy's slaary has been growing quite quickly when the share price has not. Oh well.
The float, if you take into account the small institutional holders (if they haven't sold), is even smaller than the 500K in the I-Box IMO. But hey are part of the float and may be tempted to sell at any time. But they've held for quite some tiem without downsizing so I'm guessing they may continue to hold if they're paying any attention. IMO only.
Someone like RENAISSANCE TECHNOLOGIES CORP probably has been holding not paying much attention. I think they got into FPP and MXC back in the 'hay days' when they were both 'hot'. They still have their shares showing so maybe forgot about them LOL (hopefully NOT since they're investing people's money).
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
"We didn't build this company on the sniff of an oily rag."
-Anonymous
AI
