Post by
Carbonbull on Nov 01, 2024 9:14am
good to see the company buying shares
Best use of free funds by my math shares even at this depressed oil price have an intrinsic value north of $12 US a share ,each time the company buys a share its like prorata distributing to remaining shareholders $10 US give or take .....shareholders value a company and can overwhelm other trading schemes deployed by pro traders ....the world is awash with examples ....it is up to existing shareholders to come to their own view of value based on best avalable information. good luck to all
As usual above is noth investment advice , please do your own DD
Comment by
savyinvestor333 on Nov 01, 2024 9:23am
Do you have a link to the purchases made so far? I don't see anything posted on SEDI that says they have bought back any.