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 > Why do a DRIP and NCIB at same time???LOL

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Comment by rad10on Jan 11, 2022 3:42pm

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Post# 34305239

RE:RE:Why do a DRIP and NCIB at same time???LOL

Yep it encourages buy and hold investing, and concentrates the investor base.

Margin321 wrote:
makes perfect sense

- puts more shares in solid (long term) hands with no increase in overall share count (or even a decrease depending on the NCIB volumes realtive to DRIP volumes). )

-DRIP investors get dollar cost averaging, and compound the growth in their investment in the company

- DRIP investors pay no commission (though that is a moot point these days) and can add fractional shares.

- reduces cash payout for cash dividend. (of course more cash goes to buy-in)