Buybacks vs debt repayment hey Mr Nutall what you say? :)Its days/times like this that the debate about buybacks or debt reduction should be put to rest. Debt first, build a war chest for times like these that occur all the time. Buybacks do SFA to support price or return money to shareholders in a commodity market that is so volatile. Tourmaline has an ncib in place but doesn't buy stock they are a cash machine we'll see if they think now is the time to buy shares.