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 > NICE: CVE BUYING BACK Up To USD 1.5 Billion In NOTES !!!

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Comment by JohnSPon Aug 26, 2022 11:30pm

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Post# 34924178

RE:RE:RE:RE:NICE: CVE BUYING BACK Up To USD 1.5 Billion In NOTES !!!

dwdc1 "So why buy back"? Because CVE has stated they would reduce Net Debt with goal of reducing it to floor of CAD4 bln.

That said, agree, some of the rates do look reasonable, better if CVE left Net Debt higher and bought back more shares via SIB as soon those shares will be paying back variable dividends higher 5-6%..

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