TSX:CVEOil and Gas
Cenovus Energy (TSX:CVE) Is Up 8.6% After Launching Major Buyback—Has the Bull Case Changed?
Cenovus Energy announced a new share repurchase program, authorizing the buyback of up to 120,250,990 shares, or nearly 7% of its outstanding share capital, with all repurchased shares to be cancelled by November 10, 2026.
This significant buyback follows the recent completion of a previous repurchase program and was unveiled shortly after the company posted increased quarterly net income and per-share earnings.
We'll examine how Cenovus Energy's expanded buyback program signals management...