Post by
InvestSmarter on Aug 03, 2024 10:36pm
84M in Buybacks in 1H, 191M in 2H
Should see $191M of buybacks in the last 6 months of the year. That's a lot of buying pressure.
Comment by
1234bmth on Aug 04, 2024 4:24pm
Buyback started on July 01, 2023, WTI was roughly $70.60 and BTE was $4.32. Now 13 months later after spending roughly $330M on buyback BTE is $4.48 with WTI at $74 which is $3.40 higher than June 29, 2023. So in 13 months no positive effect of buyback and $330M is gone. Let's wait another year and we will if it has positive effect.
Comment by
dandu1924 on Aug 04, 2024 4:48pm
Like I said before, the buyback effect will be after almost 50% of the shares has been buyback, until there watch the game with some pennies up and down, again until 2027, as the CEO said.
Comment by
robert41 on Aug 04, 2024 10:06pm
Exactly what debt first is most important.