Post by
MLEWICKIMBA on Jan 15, 2025 2:47am
CVE is Serious -- Read this. --100% Return of Capital
Not Many firms in this position.
The Sell Off is OVERDONE.
The actual number of common shares that may be purchased under the NCIB and the timing of any such purchases will be determined by Cenovus. The average daily trading volume through the facilities of the TSX during the six-month period ending on October 31, 2024 was 5,684,875 common shares. Consequently, daily purchases through the facilities of the TSX will be limited to 1,421,218 common shares, which is equal to 25% of the average daily trading volume, other than block purchase exceptions. Purchases over the NYSE will be made in compliance with the volume limitations in Rule 10b-18 in relation to average daily trading volume and block trades. All common shares acquired by Cenovus under the NCIB will be cancelled.
Comment by
cashtango00 on Jan 15, 2025 7:10am
that's the standard ratios and limits for every NCIB, it doesn't mean they hit the limits. They didn't buy any stock in december after the 12th. They were nowhere near their NCIB limitts in 2024