Free cash flow
I think a real important metric is being missed here. This is the first time in recent memory, or at least since I have owned the stock, that "funds generated by operations 71,335 excede " capital expenditures (excluding aquisitions) 70, 915. What this means is that they are bringing more money in than they are spending in opeations (This is good, that gap is where your divy would come from). To give you some context in Q4 2011 funds generated by operations was 60,310 and the cap ex was 117,754. Another little nugett to think about for Q3 this year is that the oil price thus far has averaged about $10 dollars per barrel higher than in Q2 2013. I would have liked to know what current production is at. I believe this company is at a tipping point, if these guys start generation 10-15 million FCF a QTR look out.
Definition of 'Free Cash Flow - FCF'
A measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base. Free cash flow is important because it allows a company to pursue opportunities that enhance shareholder value. Without cash, it's tough to develop new products, make acquisitions, pay dividends and reduce debt.