EPSN - Epsilon Energy initiates buyback program for 1.19M shares

Epsilon Energy ([[EPSN]] +3.5%) receives Board approval for the repurchase of up to 1,193,000 common shares, representing 5% of the company's outstanding shares.The buyback program is for 1 year, ending Dec. 31, 2021.Company statement: "Epsilon believes that the market price of its common shares may not reflect their underlying value and the Board of Directors has authorized this initiative because, in the Board’s opinion, the proposed repurchase of common shares constitutes an appropriate use of Epsilon’s funds, and the repurchase of its common shares is one way of creating shareholder value."

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Epsilon Energy initiates buyback program for 1.19M shares