Lycos Energy Inc. (TSXV: LCX), a Calgary-based heavy-oil producer, has received TSX Venture Exchange acceptance to renew its normal course issuer bid, allowing the company to repurchase up to 10,661,989 common shares for cancellation. The renewed NCIB commences November 2, 2026 and runs through November 1, 2027. The company states it believes its trading price may not always fully reflect underlying business value, making buybacks a potential tool for enhancing per-share metrics and shareholder value.

Key Points

  • Lycos Energy Inc. (TSXV: LCX) is a Calgary-based oil-focused exploration, development, and production company
  • The TSXV has accepted Lycos's intention to commence a renewed NCIB beginning November 2, 2026
  • Up to 10,661,989 shares may be repurchased, representing approximately 10% of the public float of 106,619,894 shares
  • Investors may watch whether management deploys the buyback programme actively, given nil shares were repurchased under the expiring NCIB

NCIB Scope and Share Repurchase Limits for Lycos Energy

As at October 27, 2026, Lycos had 131,852,762 common shares issued and outstanding. Under the renewed NCIB, the company is authorised to repurchase up to 10,661,989 shares — approximately 10% of its public float of 106,619,894 shares. Purchases will be made through the facilities of the TSXV and/or alternative trading systems at prevailing market prices, plus any applicable brokerage fees charged by designated broker National Bank Financial Inc. All repurchased shares will be cancelled, not held in treasury.

Automatic Share Purchase Plan Facilitates Blackout-Period Buying

In connection with the NCIB, Lycos has entered into an automatic share purchase plan with National Bank Financial Inc. The plan enables share purchases to continue during regulatory restriction periods and self-imposed blackout periods, during which the company would otherwise be unable to transact. Outside of blackout periods, repurchases will be made at management's discretion within applicable legal parameters. The arrangement is designed to provide flexibility and consistency in executing the buyback programme throughout its twelve-month term.

No Shares Repurchased Under the Expiring Lycos NCIB

The company disclosed that its current NCIB, which commenced November 3, 2025 and expires November 2, 2026, permitted repurchases of up to 4,661,208 common shares. As at the date of the announcement, Lycos had repurchased nil common shares under that expiring programme. The company also confirmed that, to its knowledge, no directors, senior officers, insiders, or their associates currently intend to sell common shares through the renewed NCIB. The immediate share price impact was not clear from available public information.