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Bullboard - Stock Discussion Forum 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.... see more

TSX:CVE - Post Discussion

Cenovus Energy Inc > RED FLAG: UNLIKE IMO; LARGEST INSIDER DOESN'T DO NCIB
View:
Post by ztransforms173 on Apr 03, 2024 5:55pm

RED FLAG: UNLIKE IMO; LARGEST INSIDER DOESN'T DO NCIB

- therefore, they BECOME MORE CONCENTRATED OWNERS

@ March 6, 2024:

S/O: 
 1,866,489,724


SHAREHOLDER NUMBER OF SHARES OWNERSHIP

Hutchison Whampoa Europe Investments S. r.l.
(Hutchison Whampoa)
316,927,051 16.98%


L.F. Investments S. r.l.
(LF Investments)
231,194,699 12.39%


- these 10% insiders DO NOT PARTICIPATE in the NCIB

- EVEN THOUGH the NUMBER OF SHARES REMAIN THE SAME, THEIR SHARE OF OWNERSHIP INCREASES as CVE BUYS BACK and CANCELS shares under the NCIB program

- I, for one; AM NOT HAPPY with this even though they have ONLY 2 BOARD SEATS OUT OF 13

z173
Comment by ztransforms173 on Apr 03, 2024 6:24pm
CORRECTION: - I, for one; AM NOT HAPPY with this even though they have ONLY 3 BOARD SEATS OUT OF 13 * Stephen E. Bradley * Eva L. Kwok * Frank J. Sixt z173