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.

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Cenovus Energy Inc > CVE INCREASES Notes Tender Offers To USD 1 BILLION

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Comment by meritmaton Sep 20, 2023 9:58pm

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Post# 35646549

RE:CVE INCREASES Notes Tender Offers To USD 1 BILLION

ztransforms173 wrote: - from the ORIGINAL USD 750 MILLION

Cenovus Energy Inc. has released the total consideration payable in connection with its previously announced tender offers to purchase for cash: (i) up to $500-million aggregate purchase price, excluding accrued and unpaid interest (the pool 1 maximum amount), of its 5.250 per cent notes due 2037, 4.450 per cent notes due 2042, 5.200 per cent notes due 2043, 4.400 per cent notes due 2029, 5.400 per cent notes due 2047 and 4.250 per cent notes due 2027; and (ii) up to $500-million aggregate purchase price, excluding accrued and unpaid interest (the pool 2 maximum amount), of its 6.800 per cent notes due 2037 and 6.750 per cent notes due 2039, subject to prioritized acceptance levels listed in the attached table and the terms and conditions of the tender offers.

https://www.stockwatch.com/News/Image/CVE.2023.09.19.01.png

Source:

https://www.stockwatch.com/News/Item/Z-C!CVE-3457988/C/CVE

- which means under the 50/50% RETURN TO SHAREHOLDERS and DEBT REDUCTION FRAMEWORK, USD 1 billion is DUE TO SHAREHOLDERS in SHARE BUYBACKS and DIVIDENDS (including warrant buybacks)

* I gather that this INCLUDES the PROJECTED C $ 711 million WARRANT REPURCHASE TRANSACTION due on January 5, 2024

z173

So that drops us from 6.3 to 5.3 debt from last qt. Darn near 5 by the end of third qt. If oil stays around 90ish no reason they dont hit 4 buy end of 4th quarter

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