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News  ›  GlobeNewswire Inc.

Cenovus Energy announces renewal of share buyback program

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Cenovus Energy Inc.
Cenovus Energy announces renewal of share buyback program

Cenovus Energy has received TSX approval to renew its share buyback program, allowing purchase of up to 120,250,990 common shares over the next 12 months, consistent with its capital allocation strategy.

Insights
GOOG   neutral

Mentioned as a client of NOMOBO, no direct impact from the acquisition


CVE   positive

The company is proactively managing its capital structure, demonstrating confidence in its valuation by repurchasing shares and showing a strategic approach to returning value to shareholders