Cenovus Energy Inc T.CVE

Why do a DRIP and NCIB at same time???LOL

[RagingBull3]

Makes no sense, IMHO.

All just my opinion/view/thinking.

[Margin321]

makes perfect sense - puts more shares in solid (long term) hands with no increase in overall share count (or even a decrease depending on the NCIB volumes realtive to DRIP volumes). ) -DRIP investors get dollar cost averaging, and compound the growth in their investment in the company - DRIP investors pay no commission (though that is a moot point these days) and can add fractional shares

[RagingBull3]

Like the Hands of COPS who selling selling selling selling selling??? You don't know who's hands those shares are going into and if they plan to hold or not. You could probably get a better price by timing it yourself the buys... and like you said, commisions are nothing virtually. Cash Payout is the same.... instead of Cash Dividends,  CASH is used to buy shares on the open market.

[Quintessential1]

It makes even more sense when you know this: "Cenovus shares purchased with reinvested cash dividends are acquired in the open market." https://www.cenovus.com/invest/shareholder-information/dividend-reinvestment-plan.html

[RagingBull3]

Yes, I already made that point. All just my opinion/view/thinking

[rad10]

Yep it encourages buy and hold investing, and concentrates the investor base.