High Arctic Energy Services Inc T.HWO

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[impega]

There is the High Arctic we know and love. Down 5% in early trading. Maybe fire up the NCIB?

[Possibleidiot01]

NCIB is part of the return of capital to shareholders in many companies so how do they square that with the rest of the "plan"?

[impega]

Well the funds saved from cancelling the $0.005 monthly divvy could be used for NCIB. 

[JonathanJSmith]

You're right. With, apparently 51MM shares outstanding FD (including the recent exercise by two officers), they should be able to buy up a few million shares without worrying that Cyrus will hold over 50%.  I wouldn't expect it if I were you though. They'll probably blame VN Capital for not buying back any stock via NCIB. lol Frankly, they should try to buy back a large portion