RE:RE:Forecast 2023Thanks BSW,
My curiosity is around a value that buybacks/cancelled shares offer. Appreciating there's a positive correlation and assuming everything else constant-does a 10% reduction in o/s shares equate to a 1%, 10% or 20% increase in share price. Clearly never would work out so academically, but is there a formula or model which serves as a starting point? I just don't see the analysts adding in the value of buybacks I.e. 9 PT at 85 WTI but their models seem to ignore share count. Am I missing something?