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 > DRIP = SHARE DILLUTION, IMHO

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Comment by Quintessential1on Jan 11, 2022 12:33pm

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Post# 34304155

RE:RE:RE:DRIP = SHARE DILLUTION, IMHO

I believe you are correct about the taxation of the dripped shares in various accounts.

I also belive the dripped shares are purchased on the open market and represent no dillution whatsoever.

SHayden wrote: Strange my message didn't show. drip income in a tfsa will be tax free, drip income in a rrsp / rif will be taxed as interested income once it is removed from the account, drop income will be taxed as eligible dividend if they are received in a cash / non reg account

SHayden wrote:

RagingBull3 wrote: If everyone DRIP, that just basically a STOCK SPLIT that you have to probably pay TAXES on! LOL.

All just my opinion/view/thinking.