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 > The merger sure looks good for CVE now

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Comment by RagingBull3on Feb 28, 2021 6:16pm

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Post# 32682564

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The merger sure looks good for CVE now

If Preferred voted Yes, they became a part of Cenovus. If Preferred voted NO, they STILL became part of Cenovus as a "wholly owned subsidary".... LOL... a subsidary "company" that only has Preferreds shares that DON'T VOTE on company matters...... LOL.... Cenovus Calling the shots.

So YES, strong armed.

Besides, Preferreds had/has a CONTRACT. There should have been NO REASON to vote. Contract stated that Preferreds entitled to $25/share in the event Husky wound up its affairs as Husky.

All Just My opinion/view/thinking.....

LOL..... Good Luck

Ya.... most likely won't be buying back Cenovus Shares. If I do, it will be a quick in and out on momentum plays.....nothing to do with "investing in the company", That needs TRUST, which I have very little of that now.

I think the only TRUST that I can Bet on is GREED, HATE, and STUPIDITY. I think I can trust that to be the Driving Force in the Stock Market.

Looks like Commons just got stabbed a little in the back.

Again, just my opinion/view/thinking.

Quintessential1 wrote: Strong armed? You mean you didn't get to vote?

RagingBull3 wrote: Preferred didn't even get an offer to redeem their shares, no negotiation, that I'm aware of.... just strong armed into Cenvous.

All just my opinion/view/thinking.

mrbb wrote:

RagingBull3 wrote: Agreements.... How about the Agreement with the Preferreds !!!!!!

$25/per share !!!!!!

All just my opinion/view/thinking Broken Agreements.

you can always sue LKS, husky and even CVE for damages.

Again your view of broken agreement cost 25$ preferred is just your opinion

CNOOC reneged on the liwan gas contract with husky IS A FACT.

Sure 9.54-11.45 USD/mcf is great prices but liwan is not cheap offshore gas project. The original gas contract was signed before husky liwan spent the capital to develop liwan. No way husky would drill Liwan gas wells + development + facilities at north american NG prices. From memory, the original contract gas price was 11.5-13's USD/mcf. Husky did received agreed gas prices for sometime before china want to 're-negotiate'. That's how china cheat, they don't cheat at the beginning because it will be very bad media optic. They cheat in sneaky ways usually by stealth or in mid course of business.when the public attention faded somewhat. .