NuVista Energy (TSE:NVA) has released an update.
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NuVista Energy Ltd. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB), effective June 19, 2024, for up to 14,234,451 common shares until June 18, 2025. The company aims to optimize shareholder value through disciplined growth and capital returns, with plans to re-evaluate its free adjusted funds flow allocation, including potential acquisitions and dividend payments. During the last bid, NuVista repurchased over 13 million shares, and all shares acquired in the new NCIB will be cancelled.
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