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Cenovus Energy Inc T.CVE

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

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 Quintessential1on Aug 09, 2022 11:23am
271 Views
Post# 34881629

RE:RE:RE:RE:RE:As 'Expected', CVE BUYS OUT 50% Interest In Toledo Refinery

RE:RE:RE:RE:RE:As 'Expected', CVE BUYS OUT 50% Interest In Toledo Refinery On the contrary I took RBC to be the only Canadian bank to have a more favourable take.


"--Upon first glance, the US$300 million cash payment for 50% of Toledo is less than we would have expected. We will look to connect with Cenovus to learn further details about the transaction."

The inventory is what it is and as such the value is irrelevant in my view unless they were giving it away.

The other Canadian bank reviews tend to view this as a net positive based on the consolidation and synergies alone.  The RBC was the only one that thought they may have gotten on deal on the price.  They sort of deserved one to even out that last BP transaction they made IMO.

GLTA  


wizthewiz wrote: With a note like this one from RBC, does RBC want to make this deal just look bad? This is a great deal for CVE ahd SHs contributing to the bottom line in significant ways.


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