Dividend A penny a share would cost 23mil/year, yield 4.5% and likely move the stock up to $3.50. Then they could equity finance their oil plays and possibly prevent an opportunistic takeover at pdp value.
They got aggressive with their wells and it's working nicely, now time to get aggressive with the share price. Before we read that pou etc owns 10-20% of them too.
Paying down more debt when your 1x D/CF in a bull market is only making it better for your successor IMO