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.

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Cenovus Energy Inc > The EDITED OUT "MISDIRECTED' Comment On Q3/2023 CC

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Comment by autofocus111on Nov 03, 2023 10:23am

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RE:RE:The EDITED OUT "MISDIRECTED' Comment On Q3/2023 CC

That response was to another analyst's question about the JV's and is still in the transcript. It was NOT edited out. I think this particular statement by the CEO indicates CVE is not willing to pay a premium price to PSX to buy out their JV stake. The CEO repeatedly indicated in the call that their priority is to continue to optimize their base operations and reduce debt to the $4B target.

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