Replies to post #5 on Cenovus Energy Inc (CVE)

[iheartweimers]

Bloomberg reported takeover attempt by hedge fund today.
Poison pill held in CVE governing documents can trigger
automatic dilution of stock if that happens.

[Timothy Smith]

The greatest risk to Cenovus would come from a sustained further low pricing for crude. The capital costs associated with oil sands production are high, and considerably improved and sustained prices are probably needed to make operations truly profitable. Cenovus itself speaks of pricing in the WTI USD $70-75 range.

[Timothy Smith]

Cenovus Energy (NYSE:CVE) confirms it is in talks about the potential sale of its royalty interest and mineral fee title lands but provides no details of the other party’s identity or the estimated value of the deal.