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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 > MyTAKE: Market Is DISCOUNTIUNG The Share Price Of CVE ?
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Post by ztransforms173on Nov 03, 2023 11:17am
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Post# 35715827

MyTAKE: Market Is DISCOUNTIUNG The Share Price Of CVE ?

MyTAKE: Market Is DISCOUNTIUNG The Share Price Of CVE ?
- WHY ?

- market is 'ANTICIPATING' that Cenovus Energy will BUY OUT the Phillips66 50% interest in WRB Refining JV

- this will INCREASE NET DEBT and PUSH OUT the 100% RETURN TO SHAREHOLDERS FRAMEWORK into the FUTURE

* CVE will have NO CHOICE but TO BREAK their PROMISE to shareholders as PSX will NOT WAIT and this gives CVE a DESIRED FANTASTIC OPPORTUNITY to OWN and OPERATE 100% of the US refining assets

- the ONLY STICKING POINT is the PRICE

- Cenovus Energy is IN THE POLE POSITION as they are the STRATEGIC BUYER and ONLY THEY will CAPTURE the SYNERGY and COST REDUCTION of OPERATING 5 US refineries as a SINGLE BUSINESS INTEGRATED UNIT

- this is my PRESENT THINKING

z173
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