RE:Standing StillWhen investment capital is scarce (and costly) as it seems to be in the petroleum sector , then buybacks make very good use of funds to enhance shareholder value IMHO . After all what could be so bad about gaining $22.75 in net asset value for each share bought at the current price.
Perhaps , Kelt should also look at increasing debt levels to maintain both buybacks and drilling , then we could have our cake and eat it too !!