RE:Too much Simply put ? Why are you owning this. You are basically describing your criteria. You want divifends , and companys that the MASSES like ! I get it. So rather than complain here about a company that is just doing things different than everyone else. The play here is the opposite of your criteria .
The play here is simply " Will oil be around in 5 years and the answer is ?
Csuse what everyone is doing is 2 parts - tightening or paying down debt then doing div and buy backs.
We are buying or were buying when everyone was running and we are now harvesting while people are doing M&A again. Likely the deals are slowly going away .
I don't know. I just feel it's hard to be in this stock of your wanting a div or you don't like debt.
How do you get a big pay day unless you have some risk.
There is risk here. That is does management manage the fruit of there labour and manage To get the money out eventually to the shareholders.
And will oil be around and above 70 usd for the nezt Few years.
I am going to say that simply becsuse of inflation. We see 200
dollar oil in the next couple of years.
It was 2008 when we hit 150.
its been 15 years since that high.
there is a reset coming for oil. So I am bullish. Big tome
5.41 by Ned of year.