By Robb M. Stewart
Pembina Pipeline has the go ahead from the Toronto Stock Exchange to buy back up to 5% of its issued and outstanding shares.
The Canadian oil and gas pipeline operator said Wednesday the exchange approved the renewal of a normal course issuer bid for up to 29 million of its shares, which would be carrier out through the TSX, New York Stock Exchange or alternative Canadian trading system over a 12-month period ended May 15, 2026.
Pembina's shares have fallen 2.4% so far this year, last closing at C$51.83.
The company bought no shares under its the current normal course issuer bid that expires Thursday.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 14, 2025 07:29 ET (11:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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