RE:RE:RE:RE:RE:RE:RE:NICE: CVE BUYING BACK Up To USD 1.5 Billion In NOTES !!! Bond re-ratings can happen in any quarter unless there's a significant change in the business structure. Recent good news is Fitch updated their outlook from stable to positive.
Good point on buybacks due to NCIB limitations. I suspect the variable dividend will be an attractive payout option, especially if the share price continues to improve towards $30 or higher. The base dividend is probably also due to rise with the reduction in debt servicing costs.
GL