NCIB is commonTo many companies. The majority of energy equities have NCIB in place. The thing is they have to also be approved by the lenders so bomber must have approval from them in the backround. For many companies they use the NCIB when they believe their share price is undervalued and looking to prop it up. Also those dividend payers there is a double benefit as those shares bought back are cancelled and the company saves on those dividends. In bomber's case an NCIB is strictly for insiders as imo all FCF should be going to pay down the debt not for milking executives with grants and options. You can argue and call me names and clueless all you want but anyone who can't admit the bomber is just not a shareholder friendly outfit is dellusional. What kind of quality grade investment goes from the 20's down to pennies over a 20 year span and it's not like they are a commodity play where the price of the commodity influences the share price. They may end up being a turnaround story but any old time shareholders are basically hooped. For those how have owned this fo years probably better off selling it and taking the tax loss and then if you like where they are heading you can by fresh with a new buy. Who knows the float count back in 2000 whem the stock was trading at 25 bucks. Hard to believe how some are married to BBD and can't let it go and get so defensive when anything negative is said about the company. Also hard to believe those here who are such in the know and answer everyones questions do not know or have experienced an NCIB. Share buybacks are very common in the market and are a great move for shareholders if done for the right reason and the right time.