Yesterday 2 million sharesWell it looks like they bought back almost 2 million shares yesterday.
It is sad to see the beating the stock is taking.
I have bought a lot of shares, and play a lot of covered calls mostly all bought back.
This is kind of crazy but the way i look as it is this. Now with low or no debt in a lot of cases these companies have very few bank commitments. In fact eariler this year Kelt because of low station 2 prices just shut production in.
I think this price pullback may slow things down for a bit, especially when none of these companies have big bank commitments.
The only issue is that as long as the market wants to sell off, you can not beat it. Everything will go down, but this time its different because the companies are still spewing off FCF and will be for a long time.
IMHO