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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

Comment by ztransforms173on Oct 24, 2023 9:23am
271 Views
Post# 35697907

RE:RE:Cenovus Management

RE:RE:Cenovus Management
RE:Cenovus Management
 
When i look at what they did in Q2 I am VERY skeptical they ever intend to get to 4b debt. They only paid down 265m in debt. Now they have 6.4b in net debt (end of Q2) so at this rate we are looking at 2.2 years to pay down to 4B. I guess prices are up in Q3 so that may speed things up. If they really wanted to pay down debt they would kill share buybacks. Both are return to shareholders. But the stock buybacks allow them to issue ore mgmt stock with less dilution. I will look at Q3,  remain skeptical

***

- WHAT a PATHETIC CLOWN you are !

- DO you EVEN FOLLOW this company ?


Cenovus Energy announces early tender results and increase of tender offers for certain outstanding series of notes

T.CVE

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