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Encana Corporation Message Board

  • quickybuck quickybuck Nov 22, 2006 7:52 PM Flag

    Something to think about: Sharebuyback??

    I thought EnCana was buying back shares.
    Not so according to stats supplied by the TSX.

    Nov. 10th - 804,413,812 outstanding shares
    Nov. 22nd - 804,685,288 outstanding shares

    Looks like they sold 271,476 shares.
    EnCana seems to buy LOW and sell HIGH.
    I think the SEC should investigate this company.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • that increase in share float is simply due to employees exercising their options (which results in shares being issued out of treasury). their diluted position should have either remained the same or decreased.

      and i don't think employees exercising their options says anything about whether they think encana is over or under valued. options get exercised all the time for a variety of personal reasons.

 
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