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 > Share Price DECLINE Is VERY FAVORABLE To 100% Share BUYBACKS

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Post by ztransforms173 on Sep 09, 2024 4:42pm

Share Price DECLINE Is VERY FAVORABLE To 100% Share BUYBACKS

Net debt was $4.26 billion at June 30, 2024, and in July the company achieved its net debt target of $4.0 billion. As a result, beginning in the third quarter, Cenovus will begin returning 100% of excess free funds flow (EFFF) to shareholders, as per the company’s shareholder returns framework.

- even THOUGH WTI is at USD 68.68 (@ 16:23 EST) per barrel, Cenovus Energy is STILL GENERATING SUBSTANTIAL FREE CASH FLOWS to FUNNEL into the company's NCIB program

- should be GETTING the August 2024 NCIB share buybacks this EVENING

z173

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