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 > Rangers30, please indicated the error. For HSE shareholders

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Comment by RagingBull3on Jan 11, 2022 12:22pm

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Post# 34304077

RE:Rangers30, please indicated the error. For HSE shareholders

RagingBull3 wrote: calculating ACB of CVE shares and warrants. Understanding how to calculate, helps to understand your GAIN or LOSS for 2021, and whether for the commons to declare a gain or loss for 2021... depending on your tax situation.

Example: You bought 10,000 HSE shares at $3.00/share sometime before 2021.

Calculation for common shares:
# CVE shares = 10,000*0.7845= 7845
Portion ACB HSE share = 96.58%(10000*3)= $28974
ACB of CVE per share = 28974/7845 = $3.6933

Your ACB went from $3 to $3.69 because you have less shares and portion.

Calculation for warrants:
This should mean $30,000-28974 = $1026 is HSE ACB portion of warrants or 30000*0.0342=$1026

# of warrants is 10000*.0651 = 651
CVE ACB of Warrants = 1026/651 = $1.576
Gain to report for 2021 = $3.30-1.576 = $1.42 per warrant.... and now your ACB for warrants is $3.30.

Rangers30, please correct errors.

All just my opinion/view/thinking/calculating/gussing