By definition, stock repurchasing allows companies to reinvest in themselves by reducing the number of outstanding shares on the market. ... Buybacks benefit investors by increasing share prices, effectively returning money to shareholders in a tax-efficient manner
It was good while it lasted a bit too good to be true ! I'm glad i got out 2 weeks ago thinking i'd missed out on that big rise how lucky i was ,Sorry lads
Think long and hard on this share ,The government has put up many barriers for energy companies, A few years back this was a good share paying good dividends ,Not anymore though.
7 yrs ago i bought 40000 shares@ £3.30. 2 yrs ago i sold taking a massive @ £1.35 i'm glad i did or i would have lost most of my saving but luckily i invested elsewhere and got a fair bit or my losses back .When you invest its a 5-7 yrs journey .