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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

Cenovus Energy Inc > Next move up?
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Comment by oilandgasmickon Mar 12, 2022 12:15am
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Post# 34508512

RE:RE:RE:RE:RE:RE:Next move up?

RE:RE:RE:RE:RE:RE:Next move up?Thanks for reminding me of some of the details.

It is a miracle that CVE survived that disastrous deal courtesy of the "brilliant" Mr. Fergusson.

It will go down as one of the worst deals in oil patch history. To take a company that had the best balance sheet in the industry and saddle it with a huge debt load was bad enough but to then add insult to injury by a offering a sweetner above 52 bucks a barrel was just unbelievable.

And to think our resident kook (well one of many on this thread I guess) calls this guy a genius. Too funny.

This miraculous run of free cash flow is all that has saved shareholders from a mega-billion disaster but hey I'll take it. It came in at what looked like five minutes to midnight for both CVE and HSE.

Anyway, here's to better times and hopefully 25 bucks per share in May.
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