Q3 Share BuybacksI have Baytex at just under 18M shares bought back and just under 17M shares cancelled in Q3.
The 17M represents exactly 2% of the entire share count outstanding (852M).
In real dollars, around 74M USD for the 18M shares (2.1%).
I just want to be sure I am correct in those numbers, everyone have the same?
Whats interesting on the buybacks are that Baytex was buying back ~250k shares per day in July and August. On September 1st that jumped to 300k+ then 500k+ towards the end of September. It will be interesting to see what Q4/October share repurchases start at.