Tuesday, December 13, 2011

Lynden proposes Normal Course Issuer Bid

Lynden Energy announced today that it intends to buy back shares through a Normal Course Issuer Bid.  Management is of the opinion that the stock is "significantly undervalued". 

This stock has tremendous upside potential as demonstrated in the October 31 post.  It's good to see that management is acting to shore up the stock price.

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