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 > What Am I Missing?

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Comment by RagingBull3on May 24, 2021 11:56am

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Post# 33257025

RE:What Am I Missing?

Oil was about $100 back in 2014.... What was Cash Flow back then?

JohnSP wrote: I muse be wrong:

Latest presentation pack dated May 7, 2021.

1) PAGE 6: CVE is forecasting net debt to be ~CAD10 bln by end of year (3.3 drop from end Q1)

2) PAGE 13: For every USD1 increase in WTI, Adjusted Funds Flow increases by CAD250 mln.

3) PAGE 17: Price Assumption for forecasts is WTI at USD46.50 !!!

Currently WTI is at USD65, USD8.50 higher so does this mean that Adjusted Funds Flow is an annualized 8.5x250= CAD2.125 bln higher than forecast?

What am I missing?