RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WTI above $85In the White Tundra videos Mr. Garg asks rhetorically what are people going to do with their dividends? Can they get a better return on them than leaving the money with the company can? He's against dividends. It robs the company of cash flow to grow. And it's already earned money so no need for equity raises or debt to fund capex.
He's really big on share buy backs though which he argues will provide positive returns to investors. He also adds that debt is a good thing if the returns on the deployment of the borrowed money is greater than the debt service costs which leads to your comments. Bte has to show that the money borrowed to acquire Ranger is returning more than the cost to borrow the money. So far, it looks like they made a good decision.