We’re not really seeing something that we would point to as a demand issue.

We continue to identify world-class projects, post industry-leading returns, and are well-placed for continued growth.

Many in the investing community weren’t expecting these earnings.

The buyback is a flexible component of our distribution to shareholders. I wouldn’t read anything into it. It will depend on our cash generation as we go forward.

Our results reflect the same business model and disciplined investment process that we’ve had for years and will continue to have.