July 17th update
buy back pace has fallen off a cliff as only 100k more shares have been bought back since july 1 st. Around 400k should be bot back per week in order to retire the 20 mil which has been authorized with a target date to be completed of early april 2018. The strategy being employed by rayja makes little strateguc sense. Getting size vol in @ .22-.24 range is smart...trying to be a trading hero and scaling down while slashing ur bid size is assinine(can't seem to find size sellers to bang it below .20)
Only hope for a strategic buyer is HWO, which cleared up some of their uncertainty last week by addressing their PNG concerns. Perhaps they had waited to address that sitch before pushing additional m+a deals. Been almost a year since they stole the service rig div from Tervita. Those types of deals are over...
https://www.jwnenergy.com/article/2017/7/used-oilfield-equipment-jumps-price-low-price-gong-show-subsides/
https://www.canadianinsider.com/company?menu_tickersearch=cwc