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 > New 52 week high

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Comment by TopStockBuyon Nov 01, 2021 9:04pm

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Post# 34075559

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

My guess is that Cenovus will in fact raise the dividend this quarter. The current dividend isn't costing them very much, so even doubling it wouldn't alter their debt reduction plans. Their target of $10B has essentially been reached and their long term target of $8B will be a reality in the not too distant future.

I believe Cenovus is at least 60% Institutional ownership now and not increasing the dividend would be viewed by many as a big dissapointment. Either way, I'm not selling at these prices. I'll accept whatever they decide.

We'll find out soon enough. GLTA

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