While West Texas Intermediate and Brent Crude, two benchmarks, are both up more than 0.8%, bulls are downright energized about picking up shares of Teekay Corporation (NYSE: TK) thanks to the company's announcement about its investor-friendly capital allocation plans. In an effort to return capital to shareholders, Teekay announced that its board of directors has authorized a share repurchase program of up to $30 million. Additionally, the company reported the conclusion of a previous share repurchase program that it had announced last August, Teekay announced today that it has bought back nearly $30 million worth of the company's stock.