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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Cenovus Energy Inc > And don't forget that asset impairments are non cash

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Post by soundandfury on Feb 09, 2022 6:06pm

And don't forget that asset impairments are non cash

Cve got a 500 to 700 million real money tax saveing for 2021 by takeing a non cash impairment which is not even real money cause its non cash which means ut does not affect the cashflow statement

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Comment by RagingBull3 on Feb 09, 2022 6:10pm

That inflates CASH FLOW in a BAD WAY. If had to pay tax, Cash Flow would be lower. It does affect the Cash Flow Statement. All just my opinion/view/thinking

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