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 > Warrents up over 3%, New High

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Comment by RagingBull3on Jun 03, 2021 4:24pm

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Post# 33321085

RE:RE:RE:RE:RE:RE:RE:RE:Warrents up over 3%, New High

B will be left with $190,300 not $110,000 if convert.

So in your example, B could decide to convert. So B will now have 55,000 commons worth $5, but will need to pay $6.54/share, correct? So 55,000x$5 - 55,000x($6.54-$5) = 190,300

My thinking maybe wrong, but what I'm saying is, if you have the ability to convert the warrents to commons, then wouldn't your risk be limited to the risk to the commons??

My thinking could be way off.... please correct me.

All just my opinion/view/thinking/trying to understand.

Husky4000 wrote: Let's take an example. Scenario A and scenario B

A. holder of 25000 shares and 5000 warrants.
B. holder of 55000 warrants

If share price goes to 5$...

Warrants would be 'out of the money', so they would trade at maybe 2$ (my guess). And that would be useless to convert them since they would be under 6.54

So, A would be left with (5x25000) and (5000x2) 135K
B would be left with 110K. B is the loser. And even more if the sp keeps dropping

That's extreme but not impossible. who knows what can happen in this world. I'm 95% sure the warrants will be more profitable, but I keep in mind the 5%