Cenovus Energy Inc T.CVE

Low share buyback totals only 700k for July

[Quintessential1]

But also high share price so good to see some restraint.

Lets hope they are buying fistfulls on this pricing pullback with 100% shareholder returns.

GLTA

[Margin321]

I would prefer that they give me a fistfull of cash in a special dividend. 

[Cabarete1]

We've waited this long, we are finally there.  Let's see what they do with all the cash. If it's stock buy backs they prefer, then we should see massive amount of it and it should have a noticable impact on the share price.  If not then we should be getting a great bump in the special dividend.  Would like to see $1/share.  Now that would be something.

[ztransforms173]

- it is 100% SHARE BUYBACKS {on TOP of the $ 0.18 per share QUARTERLY DIVIDEND} AT LEAST UNTIL the CVE common share price is UNDER $ 32 -it will be TEMPERED by the BIG TURNAROUND at the Christina Lake SAGD site in SEPTMBER: * LOSS of an AVERAGE 45,000 bbls/d BOP in Q3/2024 although the turnaround is FOR LESS than the 92 DAY QUARTER z173

[Quintessential1]

This could be the case and like I said I hope they were buying as much as they could earlier. But it does not explain the previous special divs that came at lower than $32 CAD share prices. I suspect we will see a mix of both with management attepting to appeal to all shareholders. GLTA 

[cashtango00]

Management stated in the last conference call, they did the special div last quarter because close to the end of q1, they hadn't returned the mandated shareholder return ( didn't buy back enough) so they distributed it.  They don't see that as a regular event and guided outside the .18 div, it will be all buybacks.  suggested the reg div would be looked at some time in q2