RE:Nuttall EffectBennys65 wrote: Just listend to Eric in may making hwx a top pick.His thoughts at the time was for a 50% increase in the div this fall as hwx rolled out its program.We all know Erics view on return of capital so when hwx announced their new ventures program I believe he reduced his position as a message to all his top holdings .Stick with return of capital or I will move along.This is pure spec on my part but fits his play book.Going forward the new program gives hwx optionality and I believe enhanced shreholder returns and does not mean that we wont get more increases.Clearwater throws off so much fcf that we can do both.Hwx just licensed wells at seal which will make for interesting results for us this fall.Seal is big for hwx and tve.
Dividends are nice but better to fund capex and land purchases internally without share issuances.
I'd keep Dividend here unless we have $80-100wti for 12mo straight.
Build cash.
Can double the dividend late 2025.