40% free cashflow yield is what annualized Q2 results wouldhave been without hedging losses, which will disappear shortly. This shows the kind of value there is in this unloved sector. A NAV of over $25 at $80 oil also illistrates the bargin this is. Management appears too dim to realize massive share buybacks are the only way to go rather than pisssing it away on dividends and nonsensical talk of aquisitions