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 > A Rundown Residential Shack Probably Cost Over A Million

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Comment by RagingBull3on Dec 01, 2021 3:04pm

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Post# 34186520

RE:RE:RE:RE:A Rundown Residential Shack Probably Cost Over A Million

Thanks Autofuss111.... Your info gives good perspective on the price.... All I got/gave to offer was just my opinion with nothing to back it up except common sense.

All just my opinion/view/thinking

RagingBull3 wrote: IMO......$2.8B / 497 = ~$5.6 Million per location....back in 2016 when gas prices down and inflation(property value) haven't rocketed up.

CVE.... ~$1.25 Million per location..... Gas prices way up and inflation through the roof.

As for possible soil contamination.... I would assume that would apply in both cases.

That's a big difference.... just for "quality" of location and revenue generation....

Again.... We are at near all time high gas prices and inflation now.

All just my opinion/view/thinking

autofocus111 wrote: That said, CVE got a lot less per station than IMO got a few years ago. I'd guess that the difference in selling price was related to the quailty of the real estate locations and the customer revenue generation at the sites. I had hoped to see better results on the sale, but it is what it is.

>>>CALGARY -- Imperial Oil says it has reached deals to sell its remaining 497 Esso retail stations in Canada to five fuel distributors for a total of $2.8 billion. Alimentation Couche-Tard Inc. is set to buy 279 stations in Ontario and Quebec for nearly $1.69 billion. Meanwhile, 7-Eleven Canada Inc. is buying 148 stations in Alberta and British Columbia, Harnois Groupe petrolier buying 3

https://www.ctvnews.ca/business/esso-stations-to-be-sold-in-deals-worth-2-8b-1.2809686