TSX:DHT.UN - Post by User
Comment by
SONOFFERGUSon Jul 19, 2024 8:04pm
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Post# 36140846
RE:Buyers and Sellers
RE:Buyers and SellersWell, not sure if shorts broke today but lots of buying pressure led to a nice run-up.
I note that the NCIB allows DHT to buy up to 14,784 units per day (and believe that it can also buy off the TSX without restriction). I have to imagine that management will want to boost the price as much as possible before the Q2 call on August 7th.
Trading volume has settled after the CEO news, from 690k that day (July 8th) to only 38k today. Buybacks, if they happen, should push the price up hard!
Good luck to all of us.