Bullboard - Stock Discussion Forum Cenovus Energy Inc CVE

Primary Symbol: T.CVE Alternate Symbol(s): CNVEF | 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.... see more

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Cenovus Energy Inc > Cenovus China PSA re-negotiations???

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Post by downwithdotcom1 on Jul 18, 2024 11:18am

Cenovus China PSA re-negotiations???

newsfeed caught my eye about CVE's PSAs in China ie the Liwan gas/oil fields working with CNOOC. These are some of the highest netbacks that CVE has in their over-all portfolio today and were inherited from the HUSKY take-over. I'm a bit concerned as to some of the wording from this somewhat generic statement... see below .It brings back memories when the chinese gov't all of a sudden became critical of the Husky owned PSA terms at that time and in the end, unitlaterly imposed lowered returns for Husky (the only relief was that they were not as severe as 1st predicted)..is this just a blip or something more??? dwdc

"Recently, there have been discussions about re-negotiating terms related to their operations in China. These negotiations are likely focused on optimizing production and financial terms to better align with current market conditions and strategic goals"

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