SSN 0.00% 1.5¢ samson oil & gas limited

ssn and the immediate future potential , page-35

  1. abu
    6,414 Posts.
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    Agree PA...

    All this argy bargy over share buy backs special dividend is very premature and childish. Presently Cash is King SSN is on ground breaking companying making turf and ya all advocating squandering the opportunity. Do the maths we have the cost of realising the capital gain to apply, the payout of debt to apply then some tax. From the reading of EOG reports a poke is at an average cost of 3.5m and don't assume each and all pokes are gunna flow at the same expected rate.

    Read between the lines SSN is all about accelerating the Niobrara program to me this will provide long term sustainable growth on all fronts more importantly sustainable growing SP - and it is then I would be advocating consolidation; then let the dividends flow.

    Guys, don't bite the hand that's gunna feed ya.

    Ab's
 
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