In an attempt to be somewhat positive looks like oil is holding...

In an attempt to be somewhat positive looks like oil is holding firm at $75 wti.
A $5 increase on each barrel of oil sold (for the last week anyway) should have a pretty decent impact on margins and free cashflow.
September quarter could also see massive cash build if oil stays above $75 wti
This does however make it difficult to justify why management aren't willing to be more aggressive with the buyback (couldn't be more conservative if they tried)
I seriously doubt anyone cares about the savings they will make trying to buy at 1.1cents (unsuccessfully so far). People want shares being wiped out and moving the sp in the right direction.
Getting soi down to 4.5b soi would be something of a accomplishment for us and management.