Share repurchase programs are often viewed positively by the market as they can indicate that a company believes its stock is undervalued and that it has strong financial health. For USEG, extending its repurchase program could lead to a short-term increase in stock price due to perceived confidence from the company's management in its future prospects and financial stability. This action might also reduce the number of shares outstanding, potentially increasing earnings per share and making the stock more attractive to investors.