RE:RE:RE:Q4 is shaping up....Yes which means increased buybacks and dividends not increased cap-ex.
I'm sure there is a shareprice cut-off point for buybacks but I doubt it is below $15 per share.
It would be nice if their shareholder framework reevaluation came with a debt target too.
"We are on track to return 50% of EFCF to shareholders in 2024 through our fixed dividend and variable share buybacks, representing approximately 10% of our market capitalization, and expect to continue providing ratable dividend increases and repurchasing shares in future periods. "
They have only delivered 38% of ECFC so expect another quarter of at least the same.
Hopefully the 2025 budget sheds a more detailed light on future plans.
GLTA