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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G | CNVEF | CVE.WS | T.CVE.WT

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 PabloLafortuneon Nov 01, 2021 6:50pm
295 Views
Post# 34075209

RE:RE:RE:RE:RE:New 52 week high

RE:RE:RE:RE:RE:New 52 week highIm not a fan of buybacks -thats Bay Street's agenda. Dividends - yes. If you're a reliable payer, retirees will invest in you because they need the income, regardless of what Bay Street peddles. If anything, Bay Street will follow retail. Debt reduction - yes. As a whole Cdn oil & gas has too much debt, they need less debt, less hedging, less desperation to sell at low prices (so more storage too) when SHTF. If CVE's debt is low, rhey can acquire indebted natural gas cdn E&P's or foreign E&Ps who want out of Canada for attractive valuations, thus diversifying away from oil in the process while improving cost of supply and growing via share increase (TOU). Basically same playbook for CNQ, CVE and SU.. When your government says no more gasoline engine cars by 2035, you act accordingly and right now the line of sight is to NG/LNG from oil and there are plenty of opportunities to be seized (unless TOU scoops all of them...)
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