RE:Shareholder deserve the moneyAgree with the opportunistic strategy. The NCIB's should only be used for days like today, and really any >3% red day IMO. Buying X amount of shares everyday doesn't make sense to me.
I don't agree with your statement about buying back at top price.
There's a significant disconnect between $100-120 WTI/$4-6 gas and equities valuations. Arc would not be at $15 a share in past cycles at these commodity prices.
But that doesn't matter now, times are different.
I honestly think that these companies could hand out crisp $100 bills and people still wont invest. Well, that's exactly what they're doing. The anti-energy psychology is stronger than I ever imagined.