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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 PabloLafortuneon Dec 23, 2021 12:04pm
233 Views
Post# 34258220

RE:RE:RE:RE:RE:RE:RE:RE:RE:WTI

RE:RE:RE:RE:RE:RE:RE:RE:RE:WTI Yup - Husky assets could be summarized as a) offshore (and retail) which AP kept the good and sold/restructured the bad b) diverse if not unwieldy mix of 2nd tier upstream assets which ought to be and are being sold presumably to be replaced by an expansion (or....) of CVE's much better SAGD operations and c) the integrated assets that are being retained and optimized. My only comment is I view the Husky shares as a sort of debt for CVE shareholders, a debt that ought to be repaid to the max before the dividend is increased. It's straightforward - cashflow from operations and asset sales in, cash to buyback CVE shares out.
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