Cenovus Energy Inc T.CVE.WT

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

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 > RBC

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Comment by cashtango00on Jan 30, 2024 9:41am

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Post# 35852312

RE:RE:RBC

Don't bet on it. I've read numerous analyst reports now pushing the 4b target to first half '25 due to weak perfomance in the US refining. It doesn't really matter because you know they will buy another asset before that happens anyways. 100 % FCF is just a meme promoted by Eric Nuttall and various fund pumpers. It's just not going to happen. That doesn't mean CVE and a lot of other energy plays won't be throwing off lots of cashfow to shareholders, but management should stop talking about it because its a really bad look.

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