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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (136076)	10/30/2022 9:26:03 AM
From: Goose94	Read Replies (1) \| Respond to of 202365

Imperial Oil (IMO-T) new 52 week high, $74.88 on a DOOZY Normal Course Issuer Bid (NCIB)...

To: Goose94 who wrote (136076)	11/1/2022 9:30:17 AM
From: Goose94	Read Replies (2) \| Respond to of 202365

Imperial Oil (IMO-T) Details $1.5-billion substantial issuer bid Another day, another Canadian energy company implementing plans to plow excess capital into shareholder-friendly measures rather than increase output. This time it’s Imperial Oil, with details on its plan to buy back $1.5 billion of its own stock, accounting for some 3.4 per cent of shares outstanding, previously announced in its earnings release last week. The company will conduct the buyback via a modified Dutch auction – basically, allowing shareholders to offer up their stock in a certain range, (in this case $72.50-$87 a pop) with the company buying at the cheap end of the range first. Worth noting that Exxon Mobil – Imperial’s largest shareholder, with about 69.6 per cent of the float – plans to tender shares, but only to keep its ownership at that same level. BNN.ca