Post by
swale13 on Apr 20, 2024 7:29pm
why not sit on our hands
Our yearly … Jan 2024 to Jan 2205 … published intent to repurchase something like 50 million shares will bring us to the 500 million share count ... The WCS differential makes this all a lot easier to do… we may be able to even do better than 50 … all of this changes the mentality form a rollercoaster E & P to a long term cash generating machine We're actually going to end up in Charlie Munger territory... playing the long game while vigorously trimming the share tree
Note: If the Permian stalls/gasses out... and that seems to be revealing itself … eyes will turn North … hope we can get a bit stronger to push off silly bids .. we will see some of that