Cenovus Energy Inc CVE

Primary Symbol: T.CVE Alternate Symbol(s): 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 > STUNNER: MY First "Estimate' Was CORRRECT: NCIB ~ $ 197M

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Comment by vwbusmanon Oct 11, 2024 5:48am

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Post# 36262217

RE:STUNNER: MY First "Estimate' Was CORRRECT: NCIB ~ $ 197M

Those are good numbers - let's see what CVE can do with these kind of buybacks monthly on an ongoing basis

That is 8.6 million shares cancelled (August was 19 million shares cancelled but was not a dividend month so more fcf for shares).

This should mean October will back back full on for buybacks - hopefully some meaningful share price movement.

WCS/WTI narrowing to below $13 is huge also as well as the low Canadian peso.

Things are looking up as long as oil price cooperates - but we all know that is a crapshoot.

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