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 > Debt reduction

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Post by Margin321 on Feb 17, 2023 2:49am

Debt reduction

Kind mf of odd and disappointing that heee deduced debt 5.1 Billion last year and it is going to take 3 more wuarters to bring it down 300 million to point where dividend likel to take a big jump based on framework f ncreasef return to investors at 4,0 B net debt versus 4.3 B net debt now. Just a marked change (slowing) in pace of debt reduction.

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Comment by Quintessential1 on Feb 19, 2023 12:27pm

The two kinds of debt seems to make a difference here. Why is CVE's net debt lower than its longterm debt? Because it has cash and receivables that lower that longterm debt value to a lesser net debt amount. CVE adds to its net debt every month in the form of bills and operational expenses and then it subtracts from its debt by paying those bills with its cash that it gets from receivables ...more

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