RE:RE:RE:RE:OPEC+ Extends Voluntary Production AdjustmentsI might be a lil wary of that statment .
q1 is usually capex heavy so not much or nil buybacks , q2 is when buybacks just start and q3/q4 is when they take off buybacks. So by July 2025 , I dont think they will purchase the full 70mil this time around if Oil sticks between 70-80 ,60 mil shares buyback max . 90-100$ oil is another story though , lol They generate 1-1.2 bil FCF at 90-100$ oil .
1 year of 90-100 Oil , 600 mil to debt and 600mil to buybacks . Debt reaches 1.5 bil target and they buyback 120mil shares .
1 year of 90-100 Oil is needed for this to shine , Remember between 2009-2013 avg oil price was b/w 90-100 for 4 years