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Cenovus Energy Inc T.CVE.WT


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

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 > By Buying 84% Of Warrants, CVE Did Share BUYBACKS On CREDIT
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Post by ztransforms173on Jun 15, 2023 1:17pm
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Post# 35498424

By Buying 84% Of Warrants, CVE Did Share BUYBACKS On CREDIT

By Buying 84% Of Warrants, CVE Did Share BUYBACKS On CREDIT
- bought 45,484,672 warrants @
$ 15.6357

- only REQUIRED to pay for the warrants by January 5, 2024

- so CVE did Hutchison Whampoa Europe Investments Sarl (HWEI) and L.F. Investments Sarl (LFI) a BIG FAVOR by AVOIDING THEM putting up ALMOST $ 300 million in CAPITAL to EXERCISE the warrants at $ 6.54 per common share

- in RETURN, they gave Cenovus Energy the FLEXIBILITY to pay the warrants almost a SEVEN (7) month GRACE PERIOD although it is HIGHLY LIKELY that CVE will make INSTALLMENTS BEFORE {when the US refineries go FULL STEAM in the second half of 2023} as soon as the EXCESS FREE CASH FLOW is GENERATED

- the great thing about this for CVE shareholders is that EFFECTIVELY 45,484,672 FUTURE common shares of CVE were BOUGHT (and CANCELLED) and SOLD @
$ 22.1757 WITHOUT MOVING the MARKET PRICE of CVE

z173

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