Cenovus Energy Inc T.CVE

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

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 > Can you be Long and Short on a stock at the same time with

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Comment by RagingBull3on Oct 25, 2021 8:09am

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Post# 34043831

RE:RE:RE:RE:Can you be Long and Short on a stock at the same time with

Thank You Dilbertt21.

T123 also says it applies to a taxpayer who also is a member of a partnership. It is unclear to me if this statement means to included individuals/taxpayer who are also member of a partnership or if ONLY individuals/taxpayers who are a member of a partnership can elect to use this form.

What's your interpretation? I'm just a individual. I'm not a member of a partnership in a corporation.

All just my opinion/view/thinking

Dillbertt21 wrote: A short used to hedge a long position can be reported as a capital gain or loss per CRA.

Normally short gains and losses are reported on income account.

Submitting a T123 allows you to elect reporting short sales on Capital account for Canadian stocks. This is a onetime election and can never be reversed.