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

Add To Watchlist

TSX:CVE - Post Discussion

Cenovus Energy Inc > There are 2 Prospectus going I believe. The $5B and the one

View:

Post by RagingBull3 on Oct 09, 2021 5:10pm

There are 2 Prospectus going I believe. The $5B and the one

for to issue shares for existing warrants (to issue 65,239,977 Common Shares). Double wammy on Dilution.

I never expected CVE to buy back shares. They didn't even bother to buyback any Preferreds while they were at $4/share or redeem them as per what I think the terms of the Preferreds (Contract stated) $25/share.

TRUST........ Poor Long Term Loyal Shareholders... Wonder how those in at $30 feel????

All just my opinion/view/thinking.

445

Comment

Comment by RagingBull3 on Oct 09, 2021 5:19pm

I guess the one is "included" in the other as 65,239,977x$6.54 = $426,669,449 only... Not $5,000,000,000. I guess if you going to issue shares, might as well go BIG. Dilute Long Term Loyal Shareholders. All just my opinion/view/thinking.

294

Comment

Cenovus Energy Inc