Post by
DAGUY on Sep 23, 2022 9:25am
NCIB
Weird that they have 95M dollars as the limit for 40.48M shares of AOI, that puts average at $2.35 a share. Seems like they actually don't want to buy back 40M shares!
Guess they will either only buy when it is at 2.34 a share or not buy back 40M shares if the price goes up.
Comment by
Malpeque2 on Sep 23, 2022 11:19am
There is an exemption for Block trades. They can do so many block trades a month. IF they do a descent amount of Block trades you can complete the NCIB early and then go back for another 10%. The cash is there. And the stock is down pretty good today.
Comment by
toptiger on Sep 23, 2022 3:15pm
purely a budget thing i expect
Comment by
papaloapan on Sep 23, 2022 4:03pm
Perhpas they will not buy much, but it is automatic bid, which suggests that a floor has been set for the market price at D$0.04 below today's closing price.
Comment by
firstworld on Sep 26, 2022 10:41am
It's max 40 M shares. Picked some more up this am at 2.31....still have loads of dry powder form divesting all 3 weeks ago ...hoping for $2.00...and $200 oil by Jan. Was so nice drivi g I. bC mou twins when premium was $2.45 L no one on the roads. Now willthe cheap oil and more govt welfare fuel subsidies /.discount all the peasants are out in the crappy little CUVs drivi g while texting.