Five-year outlook emphasizes a nimble and prudent capital allocation strategy, but is still centred on taking net debt to <$5B, which we see occurring by ~YE2020e. CVE is quickly delivering, diffs should stay relatively narrow, and management is executing.
03 Oct 2019
Investor day update reinforces strong FCF outlook; lays out spending priorities
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Investor day update reinforces strong FCF outlook; lays out spending priorities
Cenovus Energy Inc. (CVE:TSE) | 0 0 (-5.3%) | Mkt Cap: 11,501m
- Published:
03 Oct 2019 -
Author:
Michael P. Dunn -
Pages:
10
Five-year outlook emphasizes a nimble and prudent capital allocation strategy, but is still centred on taking net debt to <$5B, which we see occurring by ~YE2020e. CVE is quickly delivering, diffs should stay relatively narrow, and management is executing.