RE:High Arctic Announces Normal Course Issuer Bid
Based on the buy-back news, I doubt we see any kind of blockbuster m+a deal. On the conf. call, the Chairman seemed frustrated and went on the record hoping for lower oil prices for longer, in order to be able to add assets at distressed pricing. The company needs a transformative deal if they wish to become a top tier services company. If they just intend on muddling along, paying 5% yield then they are on the right track.