Post by
Aurum1983 on Aug 10, 2022 4:35pm
NCIB
according to the Q2 report, 4.61M shares were bought back and cancelled at $47.6 million, or $10.33 per share.That's just a quarter of the NCIB. It is said that the buyback rate will pick up.
This is just amazing. Maybe they will pick up the pace and annonce another NCIB sooner than expected. If I am management, knowing what the nat gas price would be come September, why wouldn't I be buying 300K shares at the close everyday?
Comment by
Sugaree on Aug 10, 2022 6:00pm
An NCIB lasts 1 year and cannot begin a new one early if the shares are all bought. However, a SIB can be instituted and it is even better!! TD report mentions they are considering one.
Comment by
Aurum1983 on Aug 11, 2022 10:33am
Yes at this rate they might exhaust the NCIB in Q4. SIB would be awesome. NVA should gap up to the target price with such low volume and tiny float.
Comment by
Sugaree on Aug 11, 2022 11:16am
Yes, NCIB will be most likely all filled by Dec 31.