At 4.15 yield is above 4% dividendThe continuing share buyback increases total return yield. Buying at these prices gives over 4% and that should increase annually. Every 10% buy back in share counts equals approximatelyTTwky $3.5M less dividend to pay. That means rough 700K shares off the market at $5 price that the cash can be used for.
The catalyst is will demand for service stay and the truth is oil demand will be with us for a while, personally the next decade is still strong