RE:RE:RE:RE:RE:Stockwatch Energy today Well said Migrane call. That is why I hold it as well ! Also , they raised the dividend 40 percent not to long ago !!
Then at 65 dollar oil average they spit out 485 M discretionary cash flow ! The CEO is on the record stating that half of any discretionary cash flow will be returned to the shareholders. The math suggests with half of that 485 M they can double the dividend , Yes double and use the other 70 M for share buybacks or who knows. 10 million shares at 7 bucks cancels a lot of dividends repayments . What is that 225 k a month in dividends . All adds up when you add it together over time Feel good also about these share purchases the CEO and team did last Friday on the worst day in over a year they step up ? Then again before that as well they bought .
Nothing is ever for certain, but these are facts not fiction .
That does help me sleep at night !
c