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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | 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

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

Bullboard Posts
Comment by jontar123on Mar 09, 2015 6:49pm
156 Views
Post# 23504114

RE:RE:RE:RE:RE:cve in trouble?

RE:RE:RE:RE:RE:cve in trouble?OK quick math, here and assumptions (I don't actually feel like looking up the actually boe/d right now). Also using the assumption, that CVE is bleeding money, worse then they claimed, last week and does deal Pelican Lake to CNQ for 1.5 billion in cash. So if Pelican Lake is sold for $1.5billion in cash, but it cost CVE 10% of current boe (23,000boe/d I think is Pelican), CVE current Market cap is around $18.07 billion. So sale is worth only 8.3% in cash, for a loss of 10%boe, plus the 1.5billion (8.5%) lifeline (watered down shares). Is 16.8% total drop if this deal goes through. Shares sale at $22.14, with a new 16.8% price reduction built in is a new share price of $18.42/share, without factoring in the actual cost of WTI, and assumption that is stays the same level its at and doesn't continue to dip below $50/bbl. Question #1. Who, thinks the divvys going after the next record date on March 13th or are the banks demanding that it be kept because of all the share they own. To go one step further EnCana (ECA) CVE step sister, had to throw out a 1.25 billion lifeline, this week. Maybe there is more to this story then the current price of WTI, and the CVE/ECA, had issues before the decline, with a suggestion that the tower in downtown Calgary being built caused more damage then anyone is willing to admit. Question #2 is CVE/ECA still in trouble from the $3billion tower, in Calgary, and got caught at a bad time with a drop in WTI.
Bullboard Posts

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