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 INCREASES Notes Tender Offers To USD 1 BILLION

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Comment by JohnSPon Sep 21, 2023 12:52pm

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Post# 35647667

RE:RE:RE:RE:CVE INCREASES Notes Tender Offers To USD 1 BILLION

Yep it was all tee'd up then rug pull with surprise tax bill & CEO Alex Pourbaix was dethroned (haven't heard from him since), then most of warrants buyout, and here we back are 1 year later (hopefully) at CAD4 bln net debt by end of this year.

Both tax bill and warrants buyout are legit, but neither was advertised, instead it was convert to 100% direct shareholder returns when net debt at CAD4 bln.

Anyway water under bridge now.

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