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 > When do we get the cash????

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Post by Oasisjunior on Apr 27, 2022 12:08pm

When do we get the cash????

Just curious as to when we might be seeing any of this cash??????

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Comment by CashHungry on Apr 27, 2022 3:45pm

End of June for increased base dividend Aug I believe for the special dividend if it is revelevant (based on any excess cash above NCIB and Debt repayment) Most likely the special dividend will increase significantly once debt is at 4B in Q4. So in 9 to 10 months there should be a very juicy dividend anounced at next years YE conference call and paid the following month.

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Comment by JohnSP on Apr 29, 2022 1:38am

RBC now thinks CVE will be at CAD4 bln net debt in 6+/- months in Q4, not 9 to 10 months. "We anticipate that Cenovus net debt (before working capital movements) will likely fall below its new ultimate target of $4 billion (1.0x net debt/cash flow at $45 WTI) in the fourth-quarter of 2022 -opening the door to bigger shareholder returns". https://twitter.com/garquake/status ...more

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