06:46 AM EST, 11/07/2025 (MT Newswires) -- Cenovus Energy ( CVE ) on Friday said it has received approval from the Toronto Stock Exchange to renew its normal course issuer bid to buy up to 120.3 million common shares from Nov. 11, 2025, to Nov. 10, 2026.

The number of shares authorized for purchase represents 10% of Cenovus' public float as of Oct. 31. Purchases will be made on the open market at market prices prevailing at the time of purchase.

The company's previous NCIB for up to 127.5 million common shares is scheduled to expire Nov. 10. As of Oct. 31, Cenovus has repurchased 82.6 million common shares at a weighted-average price of C$21.58 per common share.

All shares acquired under the NCIB will be cancelled.

Cenovus' share price at last look gained 1.1% to US$17 in U.S. pre-market trading on Friday.