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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 oilandgasmickon Feb 07, 2022 6:51pm
194 Views
Post# 34406745

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

RE:RE:RE:RE:RE:RE:Buying Back at $19 instead of when shares were $2.55Yes exactly right.

There was a real question in the industry as to whether CVE and HSE could survive when the WCS price turned negative.

How could you possibly justify buying back shares when the company couldn't live within existing cash flow and was taking on debt? The household is broke but let's make extra payments on the mortgage?

Anyway no point arguing with some of the mentally ill posters that show up here. They ask such stupid questions. I wish the warden would pull the plug on them.

WRT tomorrow--will be interesting to see where dividends are set. SU already had a pretty good dividend rate when they announced their latest financials but the market howled with indignation about the buybacks when the divs did not increase. I'm betting that CVE hikes divs about 50% (still low) tomorrow morning. We shall see.
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