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Cenovus Energy Inc CNVEF


Primary Symbol: T.CVE Alternate Symbol(s):  T.CVE.PR.E | T.CVE.PR.G | CVE.WS | T.CVE.WT | CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C

Energy Oil & Gas Integrated
Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Cenovus Energy Inc > Long-Term DEBT INCREASED To $ 7,227M From $ 7,108M In Q4
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Comment by ztransforms173on May 01, 2024 7:21am
188 Views
Post# 36016701

RE:RE:Long-Term DEBT INCREASED To $ 7,227M From $ 7,108M In Q4

RE:RE:Long-Term DEBT INCREASED To $ 7,227M From $ 7,108M In Q4 - it is NOT DISAPPOINTING AT ALL since they HAD NO CHOICE

EXCESS FREE FUNDS FLOW:

(C $ million)

832

- of which; $ 165 million went to the NCIB

- the REST, MOSTLY WENT to BUILD UP WORKING CAPITAL (accounts receivables + inventory) due to HIGHER CRUDE OIL PRICES in Q1/2024 versus Q4/2023 and HIGHER COST INVENTORIES and BUILDING UP LINE FILL for TMX {1 million WCS barrels for Cenovus Energy ALONE}

- assuming NO CHANGE in C $ / USD FOREX RATE from 3/31/2024, they ONLY NEED to PAY DOWN ANOTHER C $ 827 million to reach their C $ 4 BILLION NET DEBT TARGET

- Q2/2024 is TURNING OUT TO BE a GREAT QUARTER especially with the SHRINKING WTI/WCS Price Differentials and the JUICY FORWARD PRICING of
USD 1.00 per barrel DISCOUNT to WTI pricing on TMX barrels being EXPORTED to India OBTAINED by CNQ or MEG (?) for their AWB DILUTED BITUMEN BARRELS for DELIBERY in September 2024

z173 

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