Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE.WT

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

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.... see more

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TSX:CVE - Post Discussion

Cenovus Energy Inc > Would Be VERY SURPRISED If They + DIVIDEND In Q1/2024 Report

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Post by ztransforms173 on Apr 19, 2024 4:35pm

Would Be VERY SURPRISED If They + DIVIDEND In Q1/2024 Report

- #1 REASON AGAINST IT:

* they are 'PLANNING' to SPEND an EXTRA $ 300 million per YEAR in US REFINERY CAPEX than they ORIGINALLY BUDGETED in their 5 YEAR PLAN

- the MONEY will GO to INCREASE SAFETY, RELIABILITY and PROCESSING OUTPUT at the Lima and Toledo refineries in OHIO

- their annual capex will be in the $ 5 billion LEVEL

z173

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Comment by Margin321 on Apr 21, 2024 9:52am

I think you are wrong. You are referring to press releases from Ohio touting the future investments that will benefit the Ohio economy. The company has planned this investment. CVE has issued no statements about new dollars beyond that already planned upgrades for those facilities. You should ask this question at the conference call that is coming up soon.

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