RE:RE:RE:Conference call take away's..$40-45 US break even WTIriski wrote: Yes, it's a good thought if a person is trying to do ultraprecise calculations on returns which is a bit of a mug's game considering the many unknowns which make even +/- 5% projections difficult to hit. Consider that a <$1 rise in WTI could easily wipe out any of the small tax considerations on buybacks and the price moves more than $1 almost every day.
Though, it's often cited on these boards, I don't think the introduction of a small tax on buybacks is going to change any of these E&P's share buyback policy given that they are all grossly undervalued and it's a great way to return value to shareholders.
KingandBay wrote:
A very good discussion on"cost of debt" vs the "cost of equity". You can also add into the equation the 2% tax on share buybacks which will be implemented in January 2024.
Didn't Greager make this 100% clear. Cost of debt 8.8% vs. cost of equity 18-20% conservatively.
Adjust for 2% on cost of equity. Logical,sensical and great business acumen.