- Canadian Natural Resources Limited (CNQ) has announced plans to renew its normal course issuer bid
- Purchases under the NCIB will commence on March 11, 2022, and end on March 10, 2023
- The company may acquire a maximum of 101,574,207 shares
- Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada
- Canadian Natural Resources Limited (CNQ) opened trading at C$76.98 per share
Canadian Natural Resources Limited (CNQ) has announced plans to renew its normal course issuer bid.
Purchases under the NCIB will commence on March 11, 2022, and end on March 10, 2023, or when the corporation has purchased the maximum number of shares allowed under the NCIB.
The company may acquire a maximum of 101,574,207 shares.
On any given day during the NCIB, the corporation may purchase up to 1,507,034 common shares.
Canadian Natural purchased 45,144,400 of its common shares at an average price of $51.76 under its previous NCIB, which expires on March 10, 2022.
Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa.
Canadian Natural Resources Limited (CNQ) opened trading at C$76.98 per share.