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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 RagingBull3on Feb 09, 2022 7:35pm
196 Views
Post# 34414809

RE:CASH FLOW..... VS ..... IMPAIRMENTS .....VS... PROFITS

RE:CASH FLOW..... VS ..... IMPAIRMENTS .....VS... PROFITSThink of it this way:   

1) Someone pays you $5000 for a ride somewhere and you get there with no problems. You have Cash Flow of $5000 CASH and profit of $5000.
2) Someone pays you $5000 for a ride but you hit a pot hole and damage your car and now worth $4000 less.    You have $5000 CASH and book and Impairment of $4000 and Profit of $1000.

In situation #2, you have $5000 CASH in HAND and paying Taxes on only $1000.
In situation #1, you have $5000 CASH in HAND and paying Taxes on $5000.

Which situation would you rather be in?????

All just my opinion/view/thinking




RagingBull3 wrote: You want your Operating Cash Flow Statement to be Positive From PROFITS NOT from reversal of Impairments/depreciation. 

I guess you can call it the "QUALITY" of the Cash Flow.    One's good, the other not so good.   

All just my opinion/view/thinking


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