RE:RE:Great time to announce a share buy-back!
Oil drops in price but natural gas is still holding up quite well. I don't know if management has some kind of crystal ball, but what excellent timing to begin another round of share buy backs. You have gotta love this company! This is one of the best major Canadian O&G stocks to own based upon the market sentiment that I've seen just lately. Arx shares are holding up better compared to many of the others.
The cheaper the price, the less the company needs to pay!
For accumulators, there is no need to worry in the short term about getting the better price. It's here today!
I wish I had gotten into these oil stocks earlier but it still not too late to take advantage of the dips.
Undervaluation is sometimes your friend. One day the market will wake up and give these real money makers their proper due diligence.
Sometimes bigger fish just can't resist swallowing smaller ones, if they are tasty!
May that day one day come, but not too soon! Just my perspective.
All the best! Java