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 > And don't forget that asset impairments are non cash

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Comment by RagingBull3on Feb 09, 2022 6:10pm

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Post# 34414567

RE:And don't forget that asset impairments are non cash

That inflates CASH FLOW in a BAD WAY. If had to pay tax, Cash Flow would be lower.
It does affect the Cash Flow Statement.

All just my opinion/view/thinking

soundandfury wrote: Cve got a 500 to 700 million real money tax saveing for 2021 by takeing a non cash impairment which is not even real money cause its non cash which means ut does not affect the cashflow statement

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