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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.


TSX:CVE - Post by User

Comment by oilandgasmickon Jul 17, 2021 6:09pm
174 Views
Post# 33565685

RE:RE:RE:RE:Q2/2021 Earnings Results: THURSDAY, July 29, 2021 !!!

RE:RE:RE:RE:Q2/2021 Earnings Results: THURSDAY, July 29, 2021 !!!They did but I think that by the time that deal closes and the cash is received it will be too late to apply it to 2nd quarter cash flow but its still good because it will show up on the 3rd quarter books.

I for one will be happy if they just get down to 12B net debt for June 30th because it sets a new trend and points in a new direction.

The people who ran CVE and HSE (almost into the ground) never grasped the fact that their investors were very conservative and were not obsessed with "growth" the way that upper management was. They wanted companies that paid a solid dividend (which they both did before being mismanaged) and had very healthy balance sheets.

That plan went by the wayside with ridiculous acquistions and higher risk projects that required a ton of cash and a risk profile that could be taken on in other investment vehicles. I think Alex recognizes this unlike his predecessor and the " 2 Robs" over at Husky.
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