RE:bottom line: 7.5% free cash flow yield at $70 WTI.Totally agree. While others are servicing their debts with the FCF, ATH is buying back shares.
I know its tough to look at the value cratering but this is actually a positive if you are a long term investor..
Company gets to buy back more shares for less than they would have.
Every share purchased and cancelled is going to loom large when divy is introduced one day.
They can easily go to a 50/50 split of buybacks & div sometime down the road, after the big spends are complete.