Acceleware Ltd V.AXE

Cenovus spent almost $4.5-billion on royalties and taxes in

[Whampoa]

From a July 18th Globe article:

According to Mr. Mackenzie who said

"Cenovus spent almost $4.5-billion on royalties and taxes in 2022, he added -- the company's single largest expense, far outweighing capital expenses and shareholder returns. 

[ScarletSpider]

Good to know i have pegged this at 8 to 10 billion in my opinion for what i consider a fair buyout price for oil alone. I wouldnt be the least surprised if these companies are trying to get it for 1 to 2 billion that is quite a low ball. 4 billion assuming 200 million shares woiuld put this at 20 per share. That is still low 5 billion would put it around 25 per share which i have said it should