RE:RE:guess how many shares they bought back? if you said any unfortunatley you didn't comprehend plain english. I should not be shocked but this is a bull board after all.
my question was about PEYTO, which said they planned to buy back 10% of their shares. they eneded up buying back ZERO percent depsite the stock going under $2 CAD.
nice try though.
if you still don't understand my point (jeeesh)....it's this.
every Canadian energy stock has an NCIB outstanding. it's basically a CHECK BOX the companies fulfill so they can point to it when stockhouse punters call their "hotline" imploring them to buy back stock.
some companies actually FOLLOW THROUGH and buy back stock. TOU comes to mind. The vast majority just sit there doing nothing.
let's see what category ARX puts itself in.