Thanks for your comments, its nice to see a good message on this board. The technicals do look good as you point out, but the fundamentals are even better. This company is improving its financial picture as evidenced by two dividend hikes in past months.
Regarding your comment on future prospects. The company has improving financial picture as it improves free cash flow and reduced debt. I think the future is bright given the scope of their addressable market and their position in the market. Good buy and hold.
Buy if you have any kind of time horizon, such as 1 to 3 years. I think the market is starting to appreciate the likelihood that TC will be able to deleverage and not file. Price will take off upon refi and its good to be in front of that if you understand the risk/reward.
I think they simply saw an opportunity to buy shares, doubling down on Novo shares tells you how undervalued they felt that price range was. As it is tho, I don't think the dutch will result in many shares being bought and instead they'll issue a top off divvy, I'm guessing a dime. The other option is they announce a share buyback on the open market as opportunity presents itself.