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.

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Cenovus Energy Inc > CC: NO Dividends Until LTD IS LESS THAN $ 10 Billion !!!

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Comment by oilandgasmickon Feb 09, 2021 10:47am

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RE:RE:RE:CC: NO Dividends Until LTD IS LESS THAN $ 10 Billion !!!

Not too many surprises IMHO.

A small dividend and of course major write downs but really those impairment charges are being seen across the world of energy shares so again no real surprise. Take the writedowns when everybody else is doing it too and it brings less attention from the financial media.

13B in debt is too high so now comes the task of selling some assets into a very skeptical oil and gas business. I think the 8B target will be difficult to achieve.

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