Don't think we'll know the true answer to that question until the market responds to the first sequential reduction in variable dividends. Until then, it's hard to see energy base+var yields converging down to market levels.
How do you think market participants are viewing buybacks vs. variable dividends (DVN)? Trying to wrap my head around upside with respect to total shareholder return and incentives for generalists
Don't think we'll know the true answer to that question until the market responds to the first sequential reduction in variable dividends. Until then, it's hard to see energy base+var yields converging down to market levels.
How do you think market participants are viewing buybacks vs. variable dividends (DVN)? Trying to wrap my head around upside with respect to total shareholder return and incentives for generalists
Nice writeup thanks.