Cenovus Energy Inc T.CVE

CVE filed a mixed-shelf prospectus

[autofocus111]

So they buy back shares, reduce debt, and now they want to raise funds? And this after the cc where they re-iterated plans to reduce debt and return cash to shareholders via buybacks. Ztransforms looks like you were right... they may very well be planning to buy PSX's stake in those refineries.

https://www.sec.gov/Archives/edgar/data/1475260/000119312523270516/d519401df10.htm

[Cabarete1]

those general corporate purposes may include capital expenditures, the repayment of indebtedness and the financing of acquisitions. The amount of net proceeds to be used for any such purpose will be described in the applicable prospectus supplement. We may invest funds that we do not immediately require in short-term marketable securities so vague on what it's for, but only makes sens to buy

[ztransforms173]

SHORT FORM BASE SHELF PROSPECTUS         New Issue and/or Secondary Offering    November 3, 2023   Cenovus Energy Inc. Debt Securities Common Shares Preferred Shares Subscription Receipts Warrants Share Purchase Contracts Units   https://www.sec.gov

[joeblows]

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