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 > It all adds to the bottom line

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Comment by firstworldon Mar 17, 2021 10:33pm

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RE:RE:RE:It all adds to the bottom line

There are legacy salaries that have gone on way too long. Lay everyone off and let them reapply with salary required like they do in the rest of the world. Everyone in AB energy needs a 40% pay cut at least and 90 % benefits cut. Taxable income will drop and they won't be much worse off. Where else will they get a job LOL - Mexico, QC, TX. Captive workers are the best!

mrbb wrote:
Speedy wrote:
The janitor at their Calgary head quarters makes more than 50k a year.

All operators are in around 140 to 190k for field guys and upwards of 200 for the control panel.

The layoff will save them a ton. Some of the husky guys I know where making well over 200k a year.

unionized janitors in public schools make more than that, plus gold plated pension.