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 > July 20 RBC "Quick Look" - CVE PreQ2

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Comment by oilandgasmickon Jul 20, 2022 8:57pm

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Post# 34838961

RE:July 20 RBC "Quick Look" - CVE PreQ2

Wow--great news.

That would be a 52% reduction in a huge debt pile (over $13B) in little more than a year.

Net debt (if these prices hold up) will be at zero in summer 2023. This forecast would have been called crazy just a year ago.

I like stock buy backs but for now I hope that focus remains on debt reduction and increased dividends.

Any predictions from the board on dividend announcements on the 28th?

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