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 > Last drop

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Post by Margin321 on Nov 17, 2023 10:26pm

Last drop

I think the market is worried that CVE is going to add 5 B of debt to buy the half of Borger and Wiod River refineries that are owned by Phillups. That would set the 100% shareholder return timeline way offf into the future, likely delay it by a couple of years.

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Comment by PabloLafortune on Nov 18, 2023 6:09am

I don't think investors have too much confidence in AP is the bottom line. I have said for a while that US refining should be spun out into a separate company. Patently obvious.

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