Shares Repurchased!
Repurchased 24.3 million common shares in 2022, representing 4.3% of our shares outstanding, at an average price of $6.54 per share.
Whats the point of repurchasing shares at an average price of $6.54 per share, when the share price is now $ 5.83 per share? $ .71 Overpaid for each share repurchased for a total of $ 17.25 million
During the call Friday no mention of changing direction to increase the number of shares and increase debt.
Management has broken trust with Shareholders! Not impressed! Baytex Management you need to do what you say you will do!