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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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

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 > New Press Release - Cenovus Energy announces renewal of share buyback program
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Comment by vwbusmanon Nov 09, 2024 8:38am
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Post# 36304520

RE:RE:RE:New Press Release - Cenovus Energy announces renewal of share buyback program

RE:RE:RE:New Press Release - Cenovus Energy announces renewal of share buyback programLosing $150 million of value is not really that appealing as a shareholder.  It does make you consider whether further debt reduction would have been a better use of funds?  Maybe 50% towards debt reduction and 50% to buybacks.   That being said, if the share price was $28 now, we would all be saying how smart they were to do buybacks at $25.   

The strategy of buybacks probably has to be evaluated after 12 month period to really see its effect.    Here is to hoping we actually get some share appreciation in 2025 and start really getting a good return on CVE.
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