Post by
SNAKEYBOY on Jul 17, 2022 10:39pm
NCIB DETAILS
They started buying in May around $22. They have a little over 1 billion of liquidity (cash/credit facilities). They are spending $5 million a day to cancel 270k shares.
Basically they can cancel 50 million shares or 10% of the float at this rate for 1 year. But then their credit/cash is gone. Maybe they are banking on rebound by then especially with the well revenue