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Cenovus Energy Inc T.CVE

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

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 > WTI
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Comment by oilandgasmickon Dec 20, 2021 9:19pm
265 Views
Post# 34248971

RE:RE:RE:RE:RE:RE:RE:RE:RE:WTI

RE:RE:RE:RE:RE:RE:RE:RE:RE:WTI I'm glad to hear you have done alright and good luck in 2022.

Debt is a killer and it got both CVE and HSE in a lot of trouble. They spent money they didn't have and now that the new entity is reducing net debt the market is slowly but cautiously stepping back in.

If they reach their interim debt target by March 31st and substantially increase the dividend then a lot of pension funds are going to jump back in because the market is starved for companies that are reasonably priced with solid dividends. Look at how utility stocks are trading at record highs. The market ultimately seeks stability and a good payout. That could be CVE if they don't deviate from the basic plan.

Also, by Spring, COP will have substantially reduced their percentage which alleviates some of the selling pressure. Thus, I can see where by summer we might be sitting at around 22 bucks a share but lots of things still have to go right in order to realize that price.
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