Full speed on the buyback
Just filed that they bought back 660K shares in October. That keeps up the accelerated pace from September and tracks at 7% per year.
Tough to beat that when combined with an 11% yield. Oil just needs to hold above $65 and this dumb management needs to stay out of its way. Unfortunately, yesterday they talked about M&A. I pray they take on debt to do that rather than cutting the dividend.