RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Buybackdllscwbysfn wrote: Totally disagree. If they wanted it to be
clear that buybacks were the
priority then in the investor presentation that came out today should have stated that.
Antonyius wrote: Well I, along with many others, have wrote in asking about prioritizing debt payback over dividends and share buy backs. Brian replied that management strongly believes that share buy backs are the best course of action for the company.
So, maybe it's a problem like you said but I think they've made themselves very clear what their intent and priorities are.
Not sure why it's so confusing for you two? For sure Eric has stated buybacks are better value over debt repayment at these price levels. He also has said this is why the focus will remain on the current mix of 50% fcf to debt and 50% for dividend and buybacks.
What he hasn't said is they would move away from that allocation mix to focus heavier on buybacks over debt repayment or the other way around. It is a management deemed balanced approach to tackling both as he has stated over and over.
You guys seem to be going round and round in circles over a clearly defined allocation strategy for use of fcf.