RE:RE:CIBCDon't forget - even if revenues and fcf stay the same, as the share count diminishes, the dividend can increase to shareholders at no extra cost to the company - e.g. if they buyback and cancel 10% of the shares, the dividend can be raised by 10% and it does not add to the total annual cost of the dividend.
It will be a win win all around to go for a full year with 100% FCF flowing back to shareholders. Oil may go down next year with Trump in power and potential end to world conflicts, however MEG is a good place to be.