Ann: June 2022 Quarterly Activities and Cash Flow Report, page-24

The outlook is always rosy, because if it wasn't, directors and management would be out of their jobs.

In the backdrop of highest oil price in recent years, the company added 500k to their cash balance. FCF and projections are great and all, but the bottom line is glaring like the sun. How can they afford the return of capital?

Genuine question to accountants out there, where are they supposed to record the buy backs in the 5B? Is it part of financing activities?