RE:RE:RE:RE:RE:RE:Share buy back?
Share buy back is not likely to occur in this market. Capital is needed to continue operations. Margins for drilling are very thin right now and competition for work is at an all time high. There is just over 3 months left in the drilling season before break up. Break up is the time when re certifications and major repairs are usually completed. not looking like any driller will have spare capital to spend on share buy back. Its all about survival for everyone right now.