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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 TopStockBuyon Feb 04, 2022 3:52pm
272 Views
Post# 34399305

RE:REGULAR Dividend Will NEED To Be AT LEAST 12.5 CENTS Per Q..

RE:REGULAR Dividend Will NEED To Be AT LEAST 12.5 CENTS Per Q..I would argue it's already being considered. Either way the dividend has to increase massively because it's tied to debt ratio. Div is calculated at $45wti and we're double that. We can reach a 1x debt ratio by year end which is equal to $1.2 BILLION in dividends at $45 WTI! Current div is $280M. Based on this I believe we'll see special dividends paid this year and beyond if oil stays above $71. I feel raising the dividend too much is a risk that they can't sustain it which is why I expect Special div to be paid during these times of $90+ oil.
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