Shares buybacks 101A share buyback is when companies buy back their own shares from the market, cancel them and, ultimately, reduce share capital. With fewer shares in circulation, each shareholder gets both a larger stake in the company and a higher return on future dividends.
this is the basic of share buybacks , now for Baytex its even more effective because there is too many shares out and the share price is really low and oil is at close to 82$ ..... so bottom line the stock price appreciation should improve with years as long oil stay above 80$ buybacks is a smart move .....