One of my pet peeves on this board is when someone posts, a post like this. FCF yield of 12%. How much of that is currently ending up in the pockets of shareholders? Maybe eventually but in the mean time the market is collapsing.
The bulls have been posting posts like this about the Canadians for the last year and a half and very few of them pay a dividend worth getting excited about. For most of the small and mid size Canadians it has been all about the come.
Now if you had posted EOG is down over 30% in two weeks and they are giving huge chunks of money to their shareholders, I would rec. your post. Or if you posted that DVN is down 27% in the last couple of weeks and they are giving huge chunks of cash to their shareholders, now that is a post I would rec. Or if you posted that PXD is down 21% in the last couple of weeks and they are giving a pot of gold to their shareholders each quarter, I would recommend this post.
FCF yield does not mean anything until start returning it to the shareholders. Yeah, you can say buying back debt helps shareholders-or even buying shares helps shareholders. But these damn companies always pay premium prices for their shares. Those that have engaged in share buy backs well that is great when the stock is rising. But usually energy companies buy back their shares when revenue is increasing and their stocks are approaching their highs.
Show me the money, I can't get excited over FCF yield.