RE:CVE BOUGHT BACK ~ $250M In Shares (~10M CVE) In 2 Days Basically negates the remaining 16% in outstanding warrants and then some.
With this repurchase being just under 10% of the NCIB I wonder how many shares CVE plans to repurchase before the NCIB expires in November?
At 10 million per month until then accounting for just over 50 million shares bought back even adding in the repurchased warrants would be less repurchased than last year but a good effort considering the headwinds and reduced FCF they had this year. Who knows maybe they will dig in and match last years effort before the NCIB expires, the share price hits $30 and the 2% buyback tax kicks in next year.
GLTA
ztransforms173 wrote: - 10 transactions on July 28 amd 29, 2023 that
were REPURCHASED and CANCELLED
z173