Cenovus Energy Renews Share Buyback Program

Dow Jones11-07

By Robb M. Stewart

Cenovus Energy renewed a program to buy back up to 10% of the public float of its shares.

The Canadian oil and natural gas has approval from the Toronto Stock Exchange for a fresh normal course issuer bid to buy up to 127.5 million of its shares over a 12-month period through Nov. 10, 2025.

Under the current buyback program set to expire Friday, Cenovus has bought 64.7 million of the 133.2 million shares it was authorized to purchase.

Cenovus's shares have edged up 2.2% so far this year, last closing in Toronto at C$22.57.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

November 07, 2024 06:42 ET (11:42 GMT)

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