RE:RE:RE:Buying Back at $19 instead of when shares were $2.55The CEO & board would be terfed if they did that. These companies were staring down into the abyss at that point of time. They didn't know if/when the markets would turn around. Anybody who says they know where the price of oil is going is full of shyt. All companies were in survival mode. Cenovus was in very very bad shape with crippling debt. You can only cut back cap ex so much in this industry. We're already seeing the re-percussions of that. Cenovus explicitly stated in their last earnings they have to direct more capital to the upstream assets as they've been neglected for a couple years.