RE:RE:Buyback tax coming in 2024robert41 wrote: Personally I think debt should be priority one get it paid down asap....I beleive the stock will respond more positively to debt reduction than an increased divi.. the dividend increases can come later. The 2% tax on buying back shares will be more palatable if your debt is taken care of.
I like the idea of paying off debt too Robert but their hands are tied.
They've got a very public commitment of 50% fcf to debt and 50% to shareholders. Within the shareholder 50%, we've currently got about 80m dividends / 420m buybacks at their budgeted 75 wti = 1B fcf.
There's two scenarios here.
1. Wti runs hot and fcf is quite a bit higher than what they're estimating at 75 wti.
2. Will they stick with the majority of shareholder returns being buybacks when the 2% tax kicks in.