I’ve got an O&G stock here - Otto Energy (OEL) - that resolved to return a big chunk of capital (relative to current stock price) to shareholders, which was approved at a general meeting in October 2023, and the ATO class ruling has STILL not been received. The Co keeps shunting out the record date in anticipation. Not their first one either, they did a similar capital return in 2015 which ATO waved through.
It’s like a roll of the dice with the ATO and capital returns at the moment. FFX is obviously in the naughty queue with Otto.
I’ve got an O&G stock here - Otto Energy (OEL) - that resolved...
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