Canadian Natural ( (TSE:CNQ) ) has provided an announcement.
Canadian Natural Resources Limited has announced a Normal Course Issuer Bid (NCIB) approved by the Toronto Stock Exchange, allowing the company to repurchase up to 178,738,237 shares over a 12-month period starting March 13, 2025. This move is part of Canadian Natural’s strategy to manage free cash flow allocation, with a focus on shareholder returns and maintaining a strong balance sheet. The company plans to implement an automatic share purchase plan to facilitate these repurchases, even during blackout periods, highlighting its commitment to enhancing shareholder value.
More about Canadian Natural
Canadian Natural Resources Limited is a major player in the oil and gas industry, focusing on the exploration, development, and production of crude oil and natural gas. The company operates primarily in North America, with a significant presence in the Canadian market.
YTD Price Performance: -9.50%
Average Trading Volume: 6,406,366
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $59.55B
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