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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.E | T.CVE.PR.G

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
Bullboard Posts
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Post by tcellingon Jan 20, 2019 5:26pm
144 Views
Post# 29257521

Free funds flow

Free funds flowAccording to Dec/18 presentation on CVE website, current pricing would result in about $3B higher annual free funds flow than their base case scenario considering current WTI pricing and WCS discount. 

Yet, the market doesn't care. Might as well pay down $4B in debt this year since there is no point in expanding beyond Christina phase G. Next year start paying a 30% dividend. Should turn some heads.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities