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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 Maxmoeon Feb 05, 2021 8:34pm
156 Views
Post# 32491328

RE:RE:Warrants Leverage Extreme Example

RE:RE:Warrants Leverage Extreme ExampleHuh? Put down the old hp scientific and give your head a shake. 60 months you want to watch this? The "time value of money" is the only kind of investment value that goes down in value every day. Ooooh deep thoughts for a math nerd!  I'm too old for that. I don't buy green bananas.
Husky4000 wrote:
Your math is correct. Though I guess it would still be more profitable to just sell the warrants. at 100, there is 93.46 of intrinsic value and at least 1.50-2 for time value remaining. Let's say 1.54 for rounding up. So at 95$ your 23809 would fetch 2 261 855$. 135K more. In fact, until CVE reinstate a dividend, and there is a lot of time remaining until the 60 months, there is no reason to convert.


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