Ascent Resources Buying Back $25 Million of Its Own Units (Stock)

Corporations have two primary ways of enriching the owners (shareholders): issuing periodic dividends (cash payments) to shareholders or buying back shares, which reduces the number of outstanding shares, thereby increasing the value of each share (which can be sold for a higher profit). How do privately held companies like Ascent Resources make their owners/investors richer? Pretty much the same way. Ascent issued a press release yesterday to announce it is conducting an "unmodified reverse Dutch auction" to buy back shares (units, in the case of Ascent). The company will spend up to $25 million to buy back units. Our question is, why is Ascent doing this now?

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