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

Energy Oil & Gas Integrated

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 > Feb 10: January NCIB Share Repurchases Posted

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Post by JohnSP on Feb 10, 2023 4:39pm

Feb 10: January NCIB Share Repurchases Posted

Reported on Feb 10 after bell, minimal 1,009,300 shares for total of ~CAD26 mln for all of January.

Lowest on record AFAIK, highest price was CAD26.95. Does not bode well for CVE's Q4 Results unless they are switching to higher Variable Dividends.

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Comment by Badmoonryzzin on Feb 10, 2023 4:52pm

Should they not be directing 100% of their fcf to shareholders now unless they are buying something.

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Comment by Quintessential1 on Feb 10, 2023 8:23pm

Good point! Yes they should be. According to that interview with AP they are not looking to buy anything so dividends it is! GLTY and all

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Comment by JohnSP on Feb 11, 2023 3:08pm

100% of Excess Free Funds Flow, after they hit CAD4 bln Net Debt Floor, which will probably be announced they've done at Q4 Results. But I believe that is on a quarterly basis.

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