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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

TSX:CVE - Post Discussion

Cenovus Energy Inc > CENOVUS ENERGY INC> a takeover taget and
View:
Post by long342 on Mar 01, 2023 12:39pm

CENOVUS ENERGY INC> a takeover taget and

ripe  for the picking.with a low P/E ratio.  BP or big daddy EXXON Mobile can. aford it.
Comment by GrandBend on Mar 01, 2023 4:04pm
CVE just bought the 50% of tge Toledo Ohio Refinery from BP. Why would BP then turn around and buy CVE?
Comment by Margin321 on Mar 02, 2023 3:39pm
All the big multinationals, especially total and exxon, but also the others, are trying to improve their green credentials and prove participation in the energy transition. They talk about natural gas and hydrogen.  They don't talk oil sands.  Meanwhile Cenovus has lots of scale, has long lived assets that do NOT require continuous drilling, and can just generate cash (for us) for ...more  
Comment by Woodporter on Mar 02, 2023 8:05pm
Exactly. Exxon needs something like Cenovus to pave a long future. They need reserves. But even if they know it, their controlers won't let them have it. It is too politically negative to the funds and endowments that own a big chunk of them. Hence, they will pass, leaving Cenovus to those of us who see past the vapid arguements.
Comment by Margin321 on Mar 03, 2023 10:54am
CVE will turn out to be great income investment in the long run. Sometime in Q3 they will pivot to 100% return of free cash flow to shareholders. Couple of quarters later than we thought, but it is coming. I hope to continue to add CVE shares over the next 6 months, at or near current severely undervalued price. 
Comment by parcheg on Mar 04, 2023 1:30pm
long342: too early for April Fool's methinks
Comment by mrbb on Mar 05, 2023 5:11pm
sorry, international oil/gas companies don't want tarsand second, canada is so anti oil with liberal in power, why why why would anyone outside of canada wants in?  foreign interests sold off and left canada, why would they want to come back to a even worst regime?
Comment by autofocus111 on Mar 05, 2023 7:27pm
mrbb Well XOM is still here via its majority stake in IMO. And that's even with activist investor Engine No.1 trying to force them to turn green.
Comment by mrbb on Mar 13, 2023 9:27pm
IMO market cap 0.58B, a rounding error of XOM market cap of 434B.  I don't think XOM see IMO crucial to their strategic plan. When the world see canada is not a good place to do business, especially oil/gas business, who want to lose money like TMX, 3X over cost overrun, and took longer to complete than building a rocket from scratch to go to the moon.  Hoping for a foreign biggy to ...more  
Comment by germtech1 on Mar 06, 2023 10:35pm
Kind of agree....Canadian oil dousnt seem attractive to US investors...to Cold of a winter.
Comment by downwithdotcom1 on Mar 11, 2023 3:10pm
my 2 cents: you never buy a stock on the chance of a take-over in general ,and you would need a WHALE to take out CVE specifically-who?? CNRL?? the choices would be VERY SMALL. More importantly, the days of OUTRIGHT TAKE-OVERS are becoming more of a distant memory..the flavour right now is MERGERS and thats a big difference-no huge cash premiums, its really a hope of capturing synergies in these ...more  
Comment by Badmoonryzzin on Mar 12, 2023 11:38am
Sell the China assets and buy Meg
Comment by vwbusman on Mar 12, 2023 9:15am
Really can't see that happening - oil sands aquisition not palatable for buyers. Just be happy to have CVE clock dollars and buy back shares for the rest of 2023 they just bought back almost 500,000 shares in Feb (not that much but better than zero) TMX pushed back to 1st quarter 2024 is a bit of a drag - would have been nice if they got it done as scheduled in 2023 to help narrow WCS to ...more  
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