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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

Cenovus Energy Inc > CVE CEO Jon McKenzie PUTTING OUT A STIFF POKER FACE !
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Comment by autofocus111on Nov 03, 2023 10:31am
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Post# 35715691

RE:RE:RE:RE:RE:RE:CVE CEO Jon McKenzie PUTTING OUT A STIFF POKER FACE !

RE:RE:RE:RE:RE:RE:CVE CEO Jon McKenzie PUTTING OUT A STIFF POKER FACE !I'm sure Pourbaix sees the PSX JV buyout as one of his babies, but I'd venture the new CEO has reminded him since then of the loss of investor confidence incurred when CVE failed to hit the $4B net debt target Pourbaix so boldly laid out. That was misdirection at its finest. I think the new CEO understands the damage that was done, and will push to regain that confidence, even if it means foregoing a buyout of PSX's stake in the refineries (especially if it means paying a premium price). He made that pretty clear in the call, and I think investors will hold him to it.
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