Cenovus Energy Inc T.CVE

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

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 > Calculating Your "Cost" on Commons and Warrants

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Comment by RagingBull3on Jan 08, 2022 12:39pm

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Post# 34296225

RE:RE:RE:RE:RE:RE:RE:Calculating Your "Cost" on Commons and Warrants

I'm sure some have shares in their Margin Account like me.... So Taxes are an issue.

All just my opinion/view/thinking

Quintessential1 wrote: I don't want to turn this into a tax planning thread but this information might be helpful.

The taxation point is entirely moot if held within a TFSA.

If held in an RRSP you will be taxed on the entire amount at your nominal income tax rate when it is withdrawn. (The taxes are deferred not exempted and there are no dividend tax grants or capital gains incentives).

I do not know how it applies to RRIFs but I suspect it is similar to RRSPs. I have yet to research RRIFs but it is coming up faster than I would like it to. Perhaps someone with knowledge of RRIFs can weigh in.

I would like to say that I am enjoying and appreciating the disussion on this subject as I hope my points are also. If not, let me know. I can tone it down.

GLTA CVE longs.

SQCConsulting wrote: Correct....and as you mentioned the taxation point is moot if the investment is within a registered savings plan.