RE:RE:New NCIB to be announced?You're almost certainly correct. Expect a revised higher NCIB. Dividend will increase Q1 2022. In almost every scenario repaying debt, inclusive of early payment penalties, is substantially cheaper compared to letting the debt mature. As well buying back shares at their current value is lucrative as compared to paying out more cash. They desperatley need to reduce the outstanding share count or the stock will never move. 1.5B outstanding float is absurd for a Canadian company.
Over the long run this is going to work. For those hoping for a short term share spike and payout increase it is likely they will be dissapointed. By 2024-25 this will have either worked or been a bust. Time will tell but so far so good!