TSX:RGSIOil and Gas
Rockpoint Buyback Shrinks Float As Valuation And Debt Remain In Focus
Rockpoint Gas Storage Inc. (TSX:RGSI) has launched a normal course issuer bid to repurchase and cancel up to 10% of its public float of Class A common shares.
The buyback has been approved by both the Toronto Stock Exchange and the company’s Board of Directors.
For investors following Rockpoint Gas Storage at a current share price of CA$28.71, this buyback represents a new development in the company’s capital management plans. A program of this size directly affects the pool of publicly...