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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 Dec 28, 2021 6:28pm
220 Views
Post# 34266231

RE:Nice analysis

RE:Nice analysisThanks for this-you are right it is a very good summary.

Of particular interest to me was the schedule of debt maturities.

It's pretty clear sailing until 2025 with no substantial maturities that are going to hamper the company's finances.

The "new" debt issues are in 2032 and 2052 and even the 2052 issue is priced at a very modest 3.75% interest rate. So no maturity for 30 years and really with inflation rampant in the system that probably ends up as a negative interest rate--effectively you are being paid by the lender to use the money and not the other way around.

It does appear from this report that the 8B target could be reached as early as Feb. 1st when we consider the recent asset sales.
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