RE:RE:ComparablesAnschutz wrote: I agree it's time. I just don't see them doing it. Especially with the pending increase already baked in this coming April. It's clear whenever they have announced an increase, it's always months/quarters out into the future. There's simply no incentive to management to raise the dividend... or meaningfully buy back shares.
I think they've laid out their plans for excess funds flow for 2023. It's in the corp presentation. I don't particularly care for the term, but what they've said is "up to" 50% of excess funds flow. I don't like the phrase up to because of the wiggle room involved with it.
I wouldn't be expecting a dividend increase. I'd expect buybacks and special dividends - one time events.
I also think that there will be some M&A in the oil patch in 2023. "Up to" 50% still leaves a lot of cash in the corporate war chest.