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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

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

Comment by mrbbon Dec 23, 2021 1:22am
157 Views
Post# 34257050

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

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

but this is a good window of time to unload the junks.

After the gas stations, tucker, i think cve should sell off their cold heavy and EOR asset would be a good move. Once the clutters are gone, opportunity of new and better asset will look attractive.   Complicated and high cost asset takes more manpower to manage than a good asset. 

oilandgasmick wrote: That's my guess too.

The basic strategy is to reduce debt to an interim level and then raise the dividend--it's not rocket science and Alex knows this.

A strong balance sheet coupled with a solid dividend is what CVE shareholders wanted for the last decade. That's what the risk profile was supposed to be ---before the idiot went out and spent 18B in acquistions and overpaid by half.

We have posters on here going on about buying MEG etc. etc. but that's just more of the expand-expand-spend-spend-dilute-dilute strategy that got both CVE and HSE in trouble in the first place. 

If you want a company that is in constant growth mode then buy a junior or intermediate but don't look to a vehicle like this for that constant buy-buy-buy strategy.

That's the difference between Alex versus the 2 Robs and Bright Brian. Listen to what the shareholders want in the company and act accordingly. It's their money not yours.

 

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