CVE Will Adjust1. Paying 100% of Free Cash Flow to Shareholders.
2. Free Funds Flow is increasing every year.
3. They are eligible to buy back 127,489,549 shares in their NCIB.
4. They purchased last year 64,729,372 common shares at a weighted-average price of $25.20 per common share, That is $1,631,180,174 Return of Capital.
So at the current price the QUEST Continues.
UNDERVALUED by $5.00
ML