Ink Research Meanwhile, Canadian issuers are using the current dip to buy back shares. Since June 1st, based on SEDI data, 100 companies have spent a combined $9.35 billion buying back shares. The five with the biggest buybacks are listed below and they represent $5.37 billion of the repurchases (the full list is available in the INK Chat #stock_ideas channel):
Stocks with the most issuer purchases from June 1 to July 22, 2022 (000s):
1. West Fraser Timber (Sunny; WFG) Logging & Sawmills $1,673,151
2. Canadian Natural Resources (Mixed; CNQ) Oil & Gas Exp & Prod. $1,091,942 3.
Royal Bank of Canada (Mixed; RY) Banks $1,023,515
4. Nutrien (Mixed; NTR) Agricultural Chemicals Wholesale $945,886
5. Cenovus Energy (Sunny; CVE) Integrated Oil & Gas $649,982