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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

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.


TSX:CVE - Post by User

Cenovus Energy Inc > Buying Back at $19 instead of when shares were $2.55
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Comment by RagingBull3on Feb 07, 2022 3:04pm
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Post# 34405919

RE:RE:RE:RE:Buying Back at $19 instead of when shares were $2.55

RE:RE:RE:RE:Buying Back at $19 instead of when shares were $2.55They were staring down the Abyss because of how they managed the company.   

No Mature oil company should have been in that situation...

All just my opinion/view/thinking.

Volkomm wrote: The CEO & board would be terfed if they did that. These companies were staring down into the abyss at that point of time. They didn't know if/when the markets would turn around. Anybody who says they know where the price of oil is going is full of shyt. All companies were in survival mode. Cenovus was in very very bad shape with crippling debt. You can only cut back cap ex so much in this industry. We're already seeing the re-percussions of that. Cenovus explicitly stated in their last earnings they have to direct more capital to the upstream assets as they've been neglected for a couple years.  


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