Post by
Piperdown on Aug 17, 2015 9:42am
More Insider Buying on Friday in TET
I saw it on the Marker Data from Canadian Insider. I will post the filing when it is available. GO TET GO!!!! Insiders are loading up at this cheap price. I am too. Good luck out there.
Comment by
NewGuy1 on Aug 17, 2015 10:11am
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Comment by
Piperdown on Aug 17, 2015 10:15am
Yah. This is holding up nicely here in this range. For now anyways. LOL!! I am not sure what you mean about the "repurchase being complete"?
Comment by
NewGuy1 on Aug 17, 2015 10:24am
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Comment by
Piperdown on Aug 17, 2015 10:30am
Oh yah. I am not sure. I haven't seen anymore news about that. I wonder if POU would just take this over at some point if the sp got too cheap. They own almost 13 Million shares.
Comment by
OilGasInvestor on Aug 17, 2015 12:49pm
No, TET has not provided any updated on the Normal Course Issuer Bid (NCIB) nor whether any shares have been purchased. If they had been purchased, it would have either been reported in the Q2 results or a subsequent public announcement. Note that the NCIB lasts for up to 1 year (Dec/15) and allows them to buy up 6M shares. Looking forward to hearing an update.......
Comment by
Piperdown on Aug 17, 2015 1:00pm
Thanks oilgasinvestor. Are you invested in TET??
Comment by
OilGasInvestor on Aug 17, 2015 1:24pm
Yep - and I'd like to be able to time this thing at the bottom to get back in. Love the insider buying however the tough part is trying to time commodities......I believe that until we see a material change to the forward price curve or a large transaction in the Duvernay (TET or someone else) this stock has the potential to remain low for some time (as do others in E&P space).