Interesting to note linc energy will undertake a share buy back, I'd say this could be promising, and hopefully not only for the share holders, indicate strong confidence in their company but hopefully in the direction of UCG as a whole and what is to come in the future.
Who really knows it could possibly be a share buy back that is designed simply to inflate or support the value of the shares of which have been on a downward trend, should this be their reason, it's obviously not a good reason at all.
In hindsight I believe they've had better opportunities to by back but I suppose situations change and arise, they'd be in a much better position to know it's intrinsic value.
This is what I've been talking about for quite some time now in the case of Carbon Energy, I feel their (CNX)intrinsic value meaning in which this case I believe it's true value exceeds the current market value and I'm sure management would agree but unfortunately they are not in such a strong financial position as Linc are to take advantage of the current market value, with all financial resources needed to run the day to day operations etc... but who knows, some of the other major investors hopefully will see it's true value and jump in for more. Fantastic buying in my opinion.
Either way I hope any positives that come about with Linc will indirectly help Carbon Energy (UCG technology) and I'm sure this would more than likely happen in reverse.
We should be getting closer to electricity generation and hopefully the okay by the DERM for increase to 5MW.
Plus more from OS soon!!
Cheers
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