Its a possibilitythat an opportunity has arisen. Recent purchases in the oil patch have been a combination of Cash and Shares (normally 5 day average SP at signing). Theoretically, the share price could be keep low by using the NCIB to buy into the Bid. Just another way of getting the best bang for your buck. This management team is smart, so i am sure they are using all the tools available to them and i trust they will not overpay.