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 > Makes you Wonder.... Wasn't the Objective is to REDUCE DEBT?

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Post by RagingBull3 on Sep 13, 2021 10:27am

Makes you Wonder.... Wasn't the Objective is to REDUCE DEBT?

So why New Debt being Issued?

All just my opinion/view/thinking.

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Comment by RagingBull3 on Sep 13, 2021 10:31am

Although this was one of my recommendations posted long ago of what the company should do... refinance debt at lower interest rates and long maturity.... But the preferred option would be to eliminate it. Expecting inflation/rates to rocket up in near future so locking in these rates look good to me. All just my opinion/view/thinking.

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Comment by Oasisjunior on Sep 13, 2021 11:22am

It is a good idea to refinance the debt at a lower rate just in case the rate start going up in the near future. Throwing everything at debt reduction is a great stratagy. At any given time it can be repaid...

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