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 > COP wanting out of CVE since 2018 as I understand.

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Comment by mrbbon May 15, 2021 5:28pm

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Post# 33210424

RE:RE:RE:COP wanting out of CVE since 2018 as I understand.

JohnSP wrote: COP announced that they would use CVE sale procceds to pay for their share repurchase program: https://ca.finance.yahoo.com/news/conocophillips-selling-shares-canadian-energy-151654731.html

sell high, buy high. Sell low, buy low. So techically it's awash if they have similar P/E. T

I'm sure the big incentive to buy back their shares because COP management will get bigger bonuses when their share price goes up, not when cve shares go up.

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