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

Energy Oil & Gas Integrated

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 ACB on CVE commons if Taxes "deferred"

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Comment by RagingBull3on Jan 10, 2022 4:18pm

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Post# 34301229

RE:RE:RE:New ACB on CVE commons if Taxes "deferred"

Again, your ACB will only be $7.75 if you choose to delare your Gain for 2021.
You are also doing your calculation off of 1 share..... I don't that works for more than one share. You can't apply the math that way when you have more than one share I think.

Treat each step separately.

All just my opinion/view/thinking.

Husky4000 wrote: Hold on.

If 1 Husky share is worth 96.58% of 78.45% of 7.75, then 1 HSE equals=

7.75 X .9658 X 0.7845 equals 5.87. I said 5.90, was not far away.

I just don't see how CRA can start the timer at the moment of the merger.

So yeah, my CVE will be at cost basis of 7.75.......but I still have a gain of 5.87 - 3= 2.87

Anyways, thanks for the effort and we are probably both wrong on the matter....waiting for an expert opinion