Cenovus Energy Inc CVE

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

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.

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Cenovus Energy Inc > PSX LOSES USD 100M PER USD INCREASE In The PRICE Of WCS

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Comment by Cabarete1on Nov 06, 2023 7:39pm

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Post# 35720503

RE:PSX LOSES USD 100M PER USD INCREASE In The PRICE Of WCS

I always though that the BP buyout was a gift and could not unerstand why.

Does anyone have an idea what a realistic value of Phillip's stake? Even at 3X the guess of $500 M, 1.5 Billion is not impossible for CVE. They could easily pay that off in a year, and I think most shareholders would be in favour as it's a smart move. The synergies and beneifts for CVE will still be there despite the TMX.

It does sound that time is on CVE's side, as the sooner TMX is open the sooner the value to Phillips drops.

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