Bakken, I'll bite. Name 3 companies comparable to Crescent Point Energy with all-in payout ratios below 100%.
If CPG had tried to maintain an all-in payout ratio below 100% -- say, 80% -- for the past five years, what do you think their daily boe production or cash flow would be?
Production and cash flow are both 300% higher from 5 years ago -- while Saxberg has maintained a debt to cash flow ratio of 1.0 times. That goes a long way to defining "sustainability."