Referenced Stocks

Suncor Energy to Buy back $1 Billion Common Shares Under Normal Course Issuer Bid

By Midnight Trader,  September 18, 2012, 06:52:56 AM EDT

Suncor Energy Inc. ( SU ) said the Toronto Stock Exchange has accepted the notice filed by Suncor of its intention to commence a normal Course issuer bid through the facilities of the TSX, New York Stock Exchange and/or alternative trading platforms.

The notice provides that the company may, commencing September 20, 2012 and ending September 19, 2013, purchase for cancellation up to $1 billion worth of its common shares.

SU lost 1% yesterday but is trading near the higher end of 52-week range $22.55-$37.37.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: SU



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