RE:RE:RE:RE:RE:RE:WTI futures…
Management announced 75% to debt and 25% to buybacks from $1.2 billion to $800 million of debt. At that point, they will likely announce a 50/50 split until debt hits $400 million. They are being cautious as the oil price can experience huge moves. It won't take long for an update in the policy, likely Q3 earnings announcement, as debt will be likely be around $900 million at that point.