RE:RE:Risk of ownershipI don't like buybacks because they evaporate capital off the balance sheet, and don't protect the company if the economic enviroment goes south. I would rather they accelerate drilling, and that is where they get their best returns and create value. Buyback have so little impact unless they bought back like 10 million shares.
Accelerate investment move the company faster towards it objectives, and accelerates the divestures of plays as they moving closer to a place where they can be monetized.
IMHO