Cenovus Energy Inc T.CVE

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

Energy Oil & Gas Integrated

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

Cenovus Energy Inc

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Comment by Kaybobon Oct 26, 2015 11:50am

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Post# 24226984

RE:RE:Layoffs - Rich Payouts

Absolutely a severance is payable. Layoffs are a terrible part of a downturn. In my post I had a question mark after excessive? One month for every year? There is a legal framework for this and it was grossly exceeded by this severance.

My comment was also about a rollback could have saved many many jobs from that layoff. The people that are left have much to do because of the size of the layoff.

Shareholders have a right to know these things. Whether its the CEO's salary, the director's compensation or the severance pay. Just putting it out there.

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