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 > RBC

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Comment by Cabarete1on Apr 26, 2023 11:49am

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Post# 35414701

RE:RBC

Rolling with the punches is accurate.

It' hard for even the biggest fans of CVE to defend them latetly.

First they have a sudden tax bill of 1.3 B. How was that now seen? Why is no one fired over that?

Then there's various other sudden additional charges - Do they need to replace the entire forecasting and accounting department?

Unless this is a strategy to keep the stock low so they can buy up tons of it - which isn't happening, then what the heck is going on over there?

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