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Husky Energy Inc. cumulative redeemable preferred > Anyone get their calls returned from Investor Relations?

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Comment by wheeloffortuneon Mar 06, 2020 3:54pm

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Post# 30777262

RE:RE:Anyone get their calls returned from Investor Relations?

NCIB=A normal-course issuer bid. A Canadian term for a company repurchasing its own stock from the public in order to cancel it. In a normal-course issuer bid (NCIB), a company is allowed to repurchase between 5% and 10% of its shares back depending on how the transaction is conducted. Case in point. Artis Reit was a falling knife. I bought in around $12. It fell all the way down to $8 over several months. They borrowed money and announced an NCIB to buy a fixed amount of shares daily and now it's trading back up at $13. And the shorters finally ate dirt.

Please call investor relations and also leave a message why they aren't doing an NCIB if you haven't already.