RE:FCF, Dividends, DebtI wish I could give you 10 thumbs up for that post. Bunch of nervous nellies and dividend speculators hoping to get a few % in dividends before this whole oil rally comes crashing down...pitiful, but expected after a long bear market.
I would rather every single penny of FCF be used to buy back shares at these absurdly low prices.
Better yet, cancel the dividend, watch the nervous nellies panic sell, and CPG can buy cheap in the market.
I want a bigger share of the long term cash flow machine that these companies, like CPG, VET, SGY, ATH are.
I'd love to see reserves and production and cash flow grow by 25% per share, by the companies purchasing 20% of their float and retire it.
So much short term "lets make a quick buck before it falls apart" thinking infecting oil investors these days.
Don't spend to increase production. Spend to decrease share count, increasing production per share.