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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CNVEF | CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G | CVE.WS | T.CVE.WT

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.


TSX:CVE - Post by User

Cenovus Energy Inc > RBC
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Comment by downwithdotcom1on Jan 27, 2024 11:54am
302 Views
Post# 35848577

RE:RBC

RE:RBC will this net debt threshold EVER BE ACHEIVED??? Q4/2023, Q1/2024, 1st half/2024 and now 2nd half/2024??? no wonder CVE gets taken down from over $30 to below $20. Pretty straight forward-if you say it, then DO IT..no more asset purchases, no more TAX bills out of no where, no more excuses...On another note, alot of commentary on so called collasping DOWN STREAM margins,,why ?? predicted $25 3-2-1 refinery crack spread is a very decent return for these assets..see what 
happens with Q4 numbers/2024 update...see below...dwdc

As per our previous discussion with the company, Cenovus expects to achieve its $4 billion net debt floor sometime in the second half of 2024 under prevailing commodity prices—opening the door to 100% payout of excess quarterly free cash flow.
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