RE:RE:RE:RE:RE:100% to debt with no buy backsWildfury,
Easy there bro. After all , we are all very fortunate to be having these discussions of what should Bte's priorities be concerning earmarking of significant fcfs going forward.
While paying down debt is very important, share buybacks using some of the fcf makes alot of sense at this point.......If you believe as I do, these shares will probably get more expensive in the forseeable future. Float reduction can be accomplished using less funds now, than later.
Although higher oil prices are probably with us for at least 1-2 years out, I wouldn't be averse to company rolling over some of the current hedges (maybe 25-30%) into higher brackets.
All in all, company is developing into a very financially strong position. Anything they do that remains in the realms of our discussion only strengthens our position.
Best
S