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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.C | 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

Comment by Husky4000on Jan 16, 2021 1:23pm
251 Views
Post# 32313559

RE:RE:RE:CENOVUS ENERGY INC WT 1/1/26 (CA: CVE.WT) explained??

RE:RE:RE:CENOVUS ENERGY INC WT 1/1/26 (CA: CVE.WT) explained??The warrant is a right.  You can sell that right.  It has market value,  It is not a cost.

But if you want to exercice you need to come up with the money.

So for example, you possess 1000 warrants.  

a) you sell the warrants at 3.50$.  You have 3500$ 'profit' if you got them at 0$

b)you call your broker and say 'hey broker I got 6540$ to invest, take it and give me 1000 CVE worth 7.83$.  You sell afterwards the CVEs for 7830$ and pocket 1290$.

Option A is better.

c) CVE goes up and up and up and let's say it trades at 25$ in 2022.  The warrants would be trading at 25 minus 6.54 + time value (around 2$), so around 20$  SO if you BUY the warrants today,  you will make 6 times your money, while buying the commons the commons you will make 3 times.  This is called leverage.  

I hope it's clear
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