value of company increases over time the more time ESN has to grow it's business, the more valuable it will become, until the next recession of course. So I say be patient, let the company grow, take the div., know the share buyback puts a floor on the share price, and wait for a takeover offer. but keep an eye out for the next recession...I have held ESN since before the last recession (2008), and recessions are ugly for energy service stocks.