Cenovus Energy Announces Renewal Of Normal Course Issuer Bid
Cenovus Energy received TSX approval to renew its normal course issuer bid, authorizing the repurchase of up to 126,482,982 common shares over the 12 months from November 11, 2026 to November 10, 2027. The renewed authorization covers 10% of the company's public float and slightly exceeds the prior NCIB limit of 120,250,990 shares, under which Cenovus had already repurchased 88,320,447 shares at a weighted-average price of $38.35 as of October 31, 2026.
Key figures
- Ncib max shares
- 126482982
- Avg daily volume
- 5332448
- Shares outstanding
- 1807322179
- Pct of public float
- 10%
- Prior ncib max shares
- 120250990
- Tsx daily purchase limit
- 1333112
- Weighted avg repurchase price
- $38.35
- Shares repurchased under prior ncib
- 88320447
AI analysis
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