RE:RE:RE:RE:RE:RE:share buybackOne company that has been consistently buying back shares is East West Petroleum. Check them out EW if you want buybacks. PTA was talking about a bank credit line on the last update. Even with that though, the company really loves keeping a big cash balance. Can't say I blame them given the uncertainty with oil prices, uncertainty about costs for non-operated leases and the possibility (even if it is decreasing) of production interruptons at PUT. They are also interested in having a lot of cash to make deals if the right opportunity comes along. Their priority is to grow. I just don't think that buying back shares (sorry to disappoint some of the bulls by saying this) is a high priority for them. Investors should buy PTA as a growth stock. Don't buy it expecting them to pay a dividend or buyback a lot of shares. It's not that type of company.