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.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 > Whats interesting is the amount of the charge

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Post by soundandfury on Feb 09, 2022 5:44pm

Whats interesting is the amount of the charge

Probably the amount of the charge is very close to the amount required to reduce cve taxes payable to zero..............the $1.9 billion was probably just pulled out of thin air as the number required to reach zero taxes........and the beauty of it is cve gets to keep all that cash immidiately........asset impairments are a tool ......imo

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Comment by RagingBull3 on Feb 09, 2022 5:56pm

I don't know about that..... But there's a lot of BS going around, IMHO. If you can't Trust This Impairment to reflect "reality"..... then you basically can't Trust anything said. Anyways....All we care about is the Share Price... Much of that is not determined by fundamentals or accounting...... A lot of it is due to Propoganda ...more

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