Bullboard - Stock Discussion Forum 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.... see more

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TSX:CVE - Post Discussion

Cenovus Energy Inc > Bond Yields Rocketing Back Up

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Post by RagingBull3 on Feb 22, 2021 9:25am

Bond Yields Rocketing Back Up

It's DO or Die for companies to take care of DEBT NOW. Time is Up. Rates are moving up much Faster and Much more Earlier than Expected. Not sure what means for the Preferreds??

They are Rate Reset, so you think it would make them more valuable, but for most of them they already reset at rock bottom, so it won't be until another ~5 years before they reset again.

Will Preferreds rocket up? or will they lag because they're locked in for basically 5 years?

When the "thought" that rates would remain low for AT LEAST 3 years, the Yeilds on Preferreds offered Great Reward/Risk profile. But if Rates rocket up NOW, not too sure how the market will see the Reward/Risk profile relative to sudden rise in Rates.

Any thoughts, anyone?

All just my opinion/view/thinking.

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