RE:Over two months later.....Everyone here will think i'm nuts for saying this, But Tidewater will not pursue the NCIB share buyback as they have better uses of their retained earnings than to buy their share back. they're probably paying 7% rounded off (6.5%) after tax money. If you want to convert that to pretax, I'm sure it will be over 10% easily. NCIB will only allow 10% stock repurchase, so it only make sense for tidewater to paydown their debt and or invest in to viable growth projects. I would not hold your breathe on seeing the NCIB materialized.