Cenovus Energy Inc CVE

AVOIDING Capital Gains TAX MEANS A FISTFUL Of Dollars

[ztransforms173]

- and the BEAT GOES ON

from SEDI:

Filed 2024-06-19 14:58   Tx date 2024-06-19	$CVE Cenovus Energy Inc.	Pourbaix, Alex 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Common Shares 10 - Acquisition or disposition in the public market	$-5,115,360 -200,000 vol $25.58 each	1,293,377
Filed 2024-06-19 14:58   Tx date 2024-06-19	$CVE Cenovus Energy Inc.	Pourbaix, Alex 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Common Shares 51 - Exercise of options	+200,000 vol	1,493,377
Filed 2024-06-19 14:57   Tx date 2024-06-19	$CVE Cenovus Energy Inc.	Pourbaix, Alex 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Options 51 - Exercise of options	$-1,737,640 -200,000 vol $8.69 each	1,940,209
Filed 2024-06-19 14:56   Tx date 2024-06-18	$CVE Cenovus Energy Inc.	Pourbaix, Alex 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Common Shares 10 - Acquisition or disposition in the public market	$-6,111,406.3144 -238,738 vol $25.60 each	1,293,377
Filed 2024-06-19 14:55   Tx date 2024-06-18	$CVE Cenovus Energy Inc.	Pourbaix, Alex 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Common Shares 51 - Exercise of options	+238,738 vol	1,532,115
Filed 2024-06-19 14:55   Tx date 2024-06-18	$CVE Cenovus Energy Inc.	Pourbaix, Alex 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Options 51 - Exercise of options	$-2,074,203.4916 -238,738 vol $8.69 each	2,140,209

***

- EVEN with an AMERICAN HOLIDAY, Alex did NOT MATERIALLY AFFECT the share price

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[vwbusman]

Hi has sold over $31.3 million worth of shares over the last two weeks! Nice going Libs - good policy!

[JohnSP]

Yep Canadian Federal Capital Gains inclusion rate change is resulting in a windfall of revenue in Q2, but is pulling the revenue from the future. Good article here: https://www.bnnbloomberg.ca/feds-decision-to-delay-capital-gains-tax-changes-a-ponzi-scheme-wiseman-1.2083287

[Quintessential1]

Well they kind of had to get the revenue now as  there is no future for them otherwise.  There probably isn't any future for them anyway having incensed just about all of the voters out there including their own base but at least with this scheme they still have a chance to buy votes with the revenue generated before the next election. GLTA