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.

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Cenovus Energy Inc

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Post by RagingBull3on Jan 26, 2022 5:18pm

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Post# 34364295

BuyBacks.... If I was management and Really Had Shareholders

holders interest at heart...... Back in March 2020, I would have cut CAP EX to the bone, Cut Expenses to the Bone, Refinance when rates near Zero.... and then evaluate the ability to buy back at $3 per share.

Then at this time at $18.37..... think about issuing new shares and use the money to pay off debt faster.

Easy to say this with hindsight...... Back in March 2020, it would be a difficult/Dicy call.

I wouldn't be doing any buybacks at this time/price. I would be taking care of debt.

All just my opinion/view/thinking.

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