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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

Post by oilandgasmickon Nov 02, 2022 8:56am
751 Views
Post# 35065650

"Net Debt" target well within reach.

"Net Debt" target well within reach.If you had told me in 2020 that CVE would go from $13.4B net debt to $4B by the end of 2022 I would have called you crazy but miracles do happen. And if you said that CVE would declare a special dividend in 2022 I would have called the guys in the white suits to come and pick you up.

That said, I wonder if we will see much of a pop in the next few days. There is just so much fear about a luxury tax on the entire energy industry. We have to make Greta and David happy.
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