Re: Nuttall begging for buybacks
I love when companies announce buy backs.. Of course, stock buybacks have different reasons to be initiated. Not just in the oil sector. But, other investment sectors. Reasons are all over the place but mostly, “We can’t find any value better than our stock.”
After stating their goals they make a pittance of open purchases. Then they,smoke, make another announcement for more buybacks.
Point is, they make fanfare for public consumption and don’t follow through always. Trying to save the stock price is all that I see for those kinds.
If they took care of business the stock price should appreciate with the better fundamentals. Especially if they have heavy debt.