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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 > AVOIDING Capital Gains TAX MEANS A FISTFUL Of Dollars
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Comment by Quintessential1on Jun 21, 2024 8:56am
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Post# 36099601

RE:RE:RE:AVOIDING Capital Gains TAX MEANS A FISTFUL Of Dollars

RE:RE:RE:AVOIDING Capital Gains TAX MEANS A FISTFUL Of DollarsWell they kind of had to get the revenue now as  there is no future for them otherwise.  There probably isn't any future for them anyway having incensed just about all of the voters out there including their own base but at least with this scheme they still have a chance to buy votes with the revenue generated before the next election.

GLTA

JohnSP wrote: Yep Canadian Federal Capital Gains inclusion rate change is resulting in a windfall of revenue in Q2, but is pulling the revenue from the future. Good article here: https://www.bnnbloomberg.ca/feds-decision-to-delay-capital-gains-tax-changes-a-ponzi-scheme-wiseman-1.2083287


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