Looks like a good risk to meI could be early or just plain wrong, but I just bought in after watching this for months.
Cutting the divy and leaving a hanging buyback is a good move, imho. Buybacks are normally a poor use of capital at stupid multiples to equity, but smart at 0.23x tangible book as long as cashflow stays strong.
Many wounded o&g stocks out there, but I like the exposure to WTI rather than our benchmarks.