Getting Really interesting Surprised this could close so low. I remember when they did a financing earlier in the year at $10.45, I was really hoping for a pull back to buy in but never thought it would get this low. Company buying back 10% of the float will make a big difference as I can't find any other Canadian small to mid size energy company doing a buy back.
Expectation is for more than 5,000 boe per day by end of March 2013 but comparing to Canadian producers who get 1/3 the net back that TAO gets (given their premium to brent pricing), this would be more like a 15,000 boe/day producer when comparing to a Canadian producer - I can see why management would go the buy back route instead of dividend.