RE:RE:RE:SOMEONE JUST SOLD 20M SHARES AT CLOSING??They have bought back stock EVERY SINGLE DAY since the NCIB started in May. So , I'm sure they bought some today but it was not a SIB. An SIB can NOT be done without full advance disclosure and regulatory approval. The SIB will come early next year.
red2000 wrote: It's not me either, but whose able to see which firms are involve...
Maybe Baytex did a SIB..., just before they deliver more update on clearwater.
SIB : A substantial issuer bid is an equitable and efficient means for issuers to distribute excess cash to security holders by purchasing outstanding securities for cancellation in amounts above the levels otherwise permitted under the normal course issuer bid rules.
In addition of the boe/d that Ed mentionne at the Peter and Co. conference, Baytex ahd to upate it's proven and probable reserves !!!
Don't forget that !!!