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.

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Cenovus Energy Inc > CC: BIAS Of Buybacks Over Special Dividends Right Now

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Post by ztransforms173on Jul 27, 2023 2:44pm

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Post# 35560145

CC: BIAS Of Buybacks Over Special Dividends Right Now

Long-term CAPITAL STRUCTURE:

* long-term debt of $ 7 BILLION

* balance sheet CASH of $ 3 BILLION

* NET DEBT of $ 4 BILLION

- in 2022, Cenovus Energy paid $ 4.5 BILLION in royalties and taxes which is GREATER than company-wide CAPEX or RETURNS to SHAREHOLDERS

- as expected, they will NOT BID for IRVING OIL and chances of them BUYING OUT PSX are VERY SLIM because of the HIGH ASSET PRICES DEMANDED by the 50% partner at the two US refineries

- they see STRONG demand for natural gas in Asia/Pacific

z173

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