RE:RE:RE:Debt to 1.5 Billion, but still shows base dividend/buybacksjack4567 wrote: JohhnyDoe, thanks for this insightful analysis.
My own preference would be that cash in excess of planned buybacks and dividends be applied to debt, until debt targets are met. I'm not counting on special dividends, but in a way, I am counting on debt targets being met.
I agree with you Jack. I'd like to see debt cleared up asap.
The problem is they've published a shareholders return framework that says 50 to shareholders and 50 to debt above the debt target increasing to 75/25 once the target is hit.
If they don't stick to that, then you get the "mgmt untrustworthy" narrative
Either way, there's a ton of fcf at these levels
I'll also say that it seems like tech enhancements in drilling look like they'll result in more recoverable oil in the Eagle Ford so I'm expecting production increases to be steady over the next 5 years.