An NCIB lasts 1 year and cannot begin a new one early if the shares are all bought. However, a SIB can be instituted and it is even better!! TD report mentions they are considering one.

Aurum1983 wrote: according to the Q2 report, 4.61M shares were bought back and cancelled at $47.6 million, or $10.33 per share.That's just a quarter of the NCIB. It is said that the buyback rate will pick up.

This is just amazing. Maybe they will pick up the pace and annonce another NCIB sooner than expected. If I am management, knowing what the nat gas price would be come September, why wouldn't I be buying 300K shares at the close everyday?