Cenovus Energy Inc T.CVE

New 52 week high

[Stockstag1]

CVE reports on NOV 3rd from what i understand 

Good luck 

Cheers 

The Stag:)

[Cabarete1]

Some are expecting a div increase, but I don't think that's going to happen yet.  I think they are in negotiations to buy out COP's stake.  The question is, how much of it will they take ?

[Stockstag1]

Well thats one scenario for sure  The Stag :)

[itsalie]

I'd rather see them do like Suncore and surprise the market with a huge divvy increase.. you need to get paid to wait.. 

[Cabarete1]

During interiews, it sounded like AP wants to reduce the share count If they increase the div now, then the stock goes up and only makes the share repurchase more expensive. That's why I don't think it's going to happen this time around.  Maybe mid to late 2022 after they reduce the share count by 10 or 15%

[meritmat]

Next qt for sure div increase. 

[Stockstag1]

I can agree with that statement. Focus is on reducing debt.  It's going to be a strong quarter.  Cheers The Stag :)

[itsalie]

I'd rathter the money in my pocket then theirs.. no divvy bump and I'll move on.. we all have our own goals.. 

[MaynaardKeanes]

Cabarete1 that is rational and Makes perfect sense. Clear thinking! AP May also announce a buy back sooner rather than later, essentially a 5% intrinsic value increase  in lieu of a dividend. 

[PabloLafortune]

Im not a fan of buybacks -thats Bay Street's agenda. Dividends - yes. If you're a reliable payer, retirees will invest in you because they need the income, regardless of what Bay Street peddles. If anything, Bay Street will follow retail. Debt reduction - yes. As a whole Cdn oil & gas has too much debt, they need less debt, less hedging, less desperation to sell at low prices (so more

[TopStockBuy]

My guess is that Cenovus will in fact raise the dividend this quarter.  The current dividend isn't costing them very much, so even doubling it wouldn't alter their debt reduction plans.  Their target of $10B has essentially been reached and their long term target of $8B will be a reality in the not too distant future.  I believe Cenovus is at least 60% Institutional

[PabloLafortune]

My opinion is 50 cents should be the baseline annual dividend (actual, not increase). Less than tomorrow and the share price impact is negative. More than that, its positive. Of course, the results and perhaps other news will also impact the share price tomorrow.

[meritmat]

And more importantly Oct averaged over 80 for oil 

[Cabarete1]

The  price difference between WTI and Bent is also amazing.