True long-termism is long-termism of cash flow.
Free cash flow determines the company’s vitality;
Sustained profits determine its ability to pay dividends;
Quarterly dividends validate asset quality;
Asset expansion drives continuous growth in cash flow.
Cash flow drives profits; profits support dividends; dividends validate value; value in turn fuels growth.
✓ Real assets | Free cash flow | Quarterly dividends | Long-term value | Shareholder returns
💰Real World Oil Assets
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