RE:Share buybacksYes, a Normal Course Issuer Bid (NCIB) would be a great idea. Precision Drilling (PD) just implemented one, mind you, they have about twice as many shares outstanding as Ensign. I don't know if Ensign would do an NCIB at this time because they reimplemented the DRIP after the Trinidad acquisition. Yes, it's tough to say why the drillers have been hammered so much recently. I think there could be a variety of reasons. Perhaps the world simply doesn't need as much oil these days? I was in China recently and noticed a lot of windmill turbines generating energy. Same thing in Spain and somebody told me a lot of the new power plants in Europe are going nuclear. Many of the vehicles on the roads are now electric or, at least hybrids. Of course we know about the political problems in Canada in regard to getting our oil to markets (ie. government restrictions on the Alberta oil sands production). And the problems in the Hormuz Straits with Iran hijacking British oil tankers, et al, although, sounds like that problem may be being rectified as we speak. I think Ensign has made some great moves over the last couple of years and are in a great position to benefit from any upturn in the markets. In the meantime, anyone on the DRIP is getting some dirt cheap shares. If they implement an NCIB that would be icing on the cake! GLTA!