RE:STUNNER: MY First "Estimate' Was CORRRECT: NCIB ~ $ 197MThose are good numbers - let's see what CVE can do with these kind of buybacks monthly on an ongoing basis
That is 8.6 million shares cancelled (August was 19 million shares cancelled but was not a dividend month so more fcf for shares).
This should mean October will back back full on for buybacks - hopefully some meaningful share price movement.
WCS/WTI narrowing to below $13 is huge also as well as the low Canadian peso.
Things are looking up as long as oil price cooperates - but we all know that is a crapshoot.