agreed. coal and gas has a real bee in her/his bonnet. new management's assessment of old management has been nothing short of scathing yet and despite this C & G still sticks up for his/her buddy AB.
If you look at other companies doing capital similar type cap returns (e.g. OEL), you're pretty quickly see people snaffle these things up as the tax implications means the cap return is worth more than 5c to them.
I'm pretty comfortable with where things are heading and very happy to see some money being returned.
KRB Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held