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 > Buyback Filed

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Post by pkrash on Sep 08, 2023 10:50pm

Buyback Filed

CVE 7.72M share buyback in Aug.

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Comment by vwbusman on Sep 09, 2023 8:14am

Yes - good news, Interesting to note some insider selling going on with the recently elevated share price . I guess just booking some of their income Filed 2023-09-08 12:25 Tx date 2023-09-07 $CVE Cenovus Energy Inc. RAMSAY, Norrie Carson 5 - Senior Officer of Issuer Direct Ownership ...more

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Comment by pkrash on Sep 09, 2023 10:28am

Just flipping their cheap options. Nothing unusual.

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Comment by Quintessential1 on Sep 09, 2023 12:35pm

It is not a lot but speaks volumes about how much FCF they are producing given that the share price bought back at was over $26 and they have a warrants tab to be paid in 2024. I am guessing they still think the price is cheap compared to what it will be going forward and sub 2% incoming tax. I would love to see a shift into special dividends in 2024. GLTY and all

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