Cenovus Energy Inc T.CVE

EPS Q3 $0.27 Q2 $0.11 Q1 $0.11

[RagingBull3]

Total Liabilities   Q3  $29,867M      Q2  $29,395M      Q1  $29,403M
Total Equity         Q3  $24,373M      Q2  $23,629M      Q1  $23,618M

Looking at the "Big Picture"..... Seems Big improvement in EPS which is/was expected.  While debt is being reduced Total Liabilities seem to have increased while good bump in Equity.

Total Liabilities going UP seems ODD.....and worrysome.  

Maybe my view is bias as I'm virtually totally out now.

All just my opinion/view/thinking

[CashHungry]

Liabilities are up because they had not put their 2 billion of cash to work to retire debt by the reporting date.  That's a fair bit of loose change to be hanging around.  The declared net debt is 11 billion, but as of the sept 30th reporting date had 12.4 billion of notes outstanding.

[RagingBull3]

Look at Total Liabilities for  Q1, Q2, Q3..... Dispite "all out" effort to reduce debt, you would expect that Total Liabilities to be going down significantly.     This does not see to be the case.   All just my opinion/view/thinking/observing.

[CashHungry]

At the risk of enraging the ragingbull I am going to make a home economics anology.  You have a loan outstanding with your credit union for 12.4K.  Over the course of the past few months you have accumalated some excess funds of about 2K, of which you want to use about three quarters to pay off the debt.  However, the credit union does not simply allow you to transfer the funds

[Cobalt]

Sounds like Ethereum is needed difi finance smart contract ;P 1100% one year , ETHX even the boomers can get in thanks Canada dyodd

[RagingBull3]

I guess... but I'm looking over 3 quarters...  but I guess Total Liabilities going up is not too much an issue as long as Total Equity goes up more organically through profits. But I would sure feel better seeing Total Liabilities going down....without the need to try to explain why they went up. All just my opinion/view/thinking/guessing.

[CashHungry]

Bingo!

[RagingBull3]

P/E ratio using current BEST results to project out.....  Q3 EPS  $0.27....... $0.27x4= $1.08/yr  $15.30 share price divided by 1.08 = 14.16 What this means is different to everyone, but just thought to put it out there. All just my opinion/view/thinking/guessing

[CashHungry]

Ole ragingbull, what this means to analysts in the O&G sector is pretty much nothing.  The P/E is a metric that has little relevance in this sector.  FFF and EV/CF reign.