Cenovus Energy Inc T.CVE.WT

Primary Symbol: T.CVE Alternate Symbol(s): T.CVE.PR.E | T.CVE.PR.G | CNVEF | CVE.WS | 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 > CVE BOUGHT BACK ~ $250M In Shares (~10M CVE) In 2 Days

<< Previous

Bullboard Posts

Next >>

Comment by Quintessential1on Aug 12, 2023 11:04am

395 Views

Post# 35585259

RE:CVE BOUGHT BACK ~ $250M In Shares (~10M CVE) In 2 Days

Basically negates the remaining 16% in outstanding warrants and then some.

With this repurchase being just under 10% of the NCIB I wonder how many shares CVE plans to repurchase before the NCIB expires in November?

At 10 million per month until then accounting for just over 50 million shares bought back even adding in the repurchased warrants would be less repurchased than last year but a good effort considering the headwinds and reduced FCF they had this year. Who knows maybe they will dig in and match last years effort before the NCIB expires, the share price hits $30 and the 2% buyback tax kicks in next year.

GLTA