you don't understand Hendrick: you buy back your undervaluedshares then the 200% wells are worth far more per share. i.e you of course continue to drill but enough to hold prodcution steady, pay down debt, buy back 1/3 of your shares, then guess what, those 200% return are suddenly worth 300% return per share. The PP value is 4 bucks a share at this oil price, then it's 6 bucks per share when you have a third less shares, YOU DO NOT rush out and drill more wells than you have to before you buy back your undervalued shares, you can always increase cap x down the road. YOPU SURE DON"T MAKE AQUISITIONS!! ANd that is what the ceo keeps talking about everytime I see/hear him in these presentations.