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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TSX:CVE - Post Discussion

Cenovus Energy Inc > That's one way to fight INFLATION/Money Printing

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Post by RagingBull3 on Mar 15, 2022 3:43pm

That's one way to fight INFLATION/Money Printing

BuyBacks=====> CASH ANNIHILATION.

All just my opinion/view/thinking/rambling on.

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Comment by RagingBull3 on Mar 15, 2022 3:47pm

Actually I think I got it upside down.... Cash isn't annihilated, it's transferred out of the company. It's the shares that are annihilated, and company left with nothing. The Cash is transferred out and freed from it's connection to the shares, free to go INFLATE other assets!!!!!!

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Cenovus Energy Inc