- Cenovus Energy ( NYSE: CVE ) has announced renewal of its normal course issuer bid (NCIB) to purchase up to 136,717,741 common shares, representing 10% of its public float as of Oct. 27, 2022.
- The program will commence on Nov. 09, 2022 and run until Nov. 08, 2023. On October 27, 2022 Cenovus had 1,919,040,290 common shares outstanding.
- Cenovus' ( CVE ) prior NCIB for the purchase of up to 146,451,823 common shares is set to expire on Nov. 08, 2022. As at Nov. 03, 2022, the firm repurchased ~117.99M common shares at a weighted-average price of $21.19/share, excluding brokerage fees, under its prior NCIB.
For further details see:
Cenovus renews normal course issuer bid