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Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CNVEF | CVE | 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

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.... see more

TSX:CVE - Post Discussion

Cenovus Energy Inc > CVE/ BNN
View:
Post by andy604 on Jan 17, 2024 4:07pm

CVE/ BNN

BNN said money managers are saying CVE downstream business is not up to speed, CVE plans replacing CEOs etc for lack of earnings,  so expect lower earnings come Feb, they also said CVE will not meet its 100% buyback/dividend commitment next quarter. Still, long term its a good company.
Comment by andy604 on Jan 17, 2024 4:09pm
I am sure CVE will have a very strong comment on the BNN / Money Managers  opinion
Comment by meritmat on Jan 17, 2024 7:56pm
  Ya sadly I heard the same thing 
Comment by PabloLafortune on Jan 18, 2024 12:28pm
I've been down on management for a couple years now see prior posts.  Didn't sell because taxes. Never liked US refining for CVE. Husky was a bad deal compounded by what they sold and didn't sell 
Comment by ztransforms173 on Jan 18, 2024 1:09pm
PabloLafortune - (1/18/2024 12:28:04 PM)   RE:CVE/ BNN   I've been down on management for a couple years now see prior posts.  Didn't sell because taxes. Never liked US refining for CVE. Husky was a bad deal compounded by what they sold and didn't sell  *** - BUYING Husky Energy was a GREAT MOVE - ONLY PROBLEM was that they OVERPAID - US ...more  
Comment by mrbb on Jan 18, 2024 7:45pm
i agree, CVE acquired HSE during the low market cycle, using stock no cash. CVE was weak in downstream and acquiring HSE fixed that in 1 move plus more SAGD oil sands assets.  Both are into SAGD not mining. LKS has thick skin but lost patience with canadian red tape and regulation, wants out of canada but not oil/gas, so he took CVE shares for hse.