RE:RE:RE:HeadscratcherYeah good point Nextlegup. Operating income growth will drive sp. Bte has no control of the macro effects that will drive imcome growth like wti and wcs prices. But they have considerable influence on volumes sold and reductions in per boe operating expenses or break even that can increase operating income.
Even if their break even is higher in Eagle Ford snd wti drops making their netbacks smaller but they can increase volume output then operating income goes up. Then they can decide what to do with the cash. If they hit on a way to really boost production then spend it on capex to really crank out the barrels and screw the resulting much lower fcf numbers and what to do with it. As you say once we see what Eagle Ford is capable of then maybe investors will adapt to a more buy and hold position.