RE:RE:RE:RE:Share buy backs do not serve Share HoldersBetween share buybacks and the worst hedging program in the history of OIl+Gas, Arc has evaporated more that 3 billion dollars of shareholder capital.
Imagine if they had that on the balance sheet, all they are doing is cycling your money, paying a measly dividend while they buyback shares when commodity prices are good, paying to dollars.
I will buyback into ARX at $17.50 on the next downturn.
IMHO