Subject: Re: OT: OXY
Perhaps a stupid question and the data could be inaccurate as well, but was scrolling Gurufocus and noticed they have a figure called Shareholder yield which shows for OXY as 24.2pct and they calculate it by adding cash dividends, net stock repurchases, and debt reduction.

Is this essentially what WEB is seeing in Oxy, they are returning all their earning to shareholders and if subject to oil prices eventually this yield should be reflected in a substantially higher share price?

Yeah that is a big part of the appeal. The company is fairly quickly adjusting their capital structure to where a much larger portion of the economics of the company will accrue to common shareholders. And they have been very clear and transparent with everyone about it.