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    CVE   CA15135U1093

CENOVUS ENERGY INC.

(CVE)
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Cenovus Energy : reports voting results of election of Directors (Form 6-K)

05/14/2021 | 02:17pm EDT

Cenovus reports voting results of election of Directors

Calgary, Alberta (May 12, 2021) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on May 12, 2021, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 15, 2021 were elected as Directors. The detailed results of the vote are set out below.

Nominee

Votes for

Votes withheld

Number

Percent

Number

Percent

Keith M. Casey

1,629,920,383

98.97

16,903,774

1.03

Canning K.N. Fok

1,234,968,826

74.99

411,855,331

25.01

Jane E. Kinney

1,633,018,059

99.16

13,806,098

0.84

Harold N. Kvisle

1,319,701,189

80.14

327,122,969

19.86

Eva L. Kwok

1,630,748,431

99.02

16,075,726

0.98

Keith A. MacPhail

1,589,161,565

96.50

57,662,592

3.50

Richard J. Marcogliese

1,578,975,905

95.88

67,816,872

4.12

Claude Mongeau

1,633,092,303

99.17

13,731,854

0.83

Alexander J. Pourbaix

1,632,905,234

99.16

13,915,002

0.84

Wayne E. Shaw

1,634,382,317

99.24

12,440,494

0.76

Frank J. Sixt

1,281,126,425

77.79

365,697,732

22.21

Rhonda I. Zygocki

1,595,374,642

96.88

51,445,593

3.12

Cenovus again welcomes Canning K.N. Fok, Eva L. Kwok, Wayne E. Shaw and Frank J. Sixt to its Board of Directors. The former members of Husky Energy's Board of Directors joined the Cenovus Board of Directors as of January 1, 2021 in connection with the Husky transaction and bring a diverse skillset and valuable depth of knowledge of Husky's portfolio of assets.

Cenovus would like to extend its sincere thanks and best wishes to Susan F. Dabarno, Steven Leer and M. George Lewis for their contributions to Cenovus's Board of Directors and dedication to the company. They departed the Board in connection with the Husky transaction.

Page 1

Cenovus Energy Inc.

Cenovus Energy Inc. is an integrated energy company with 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 is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company's preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.

Find Cenovus on Facebook, Twitter, LinkedIn,YouTube and Instagram.

CENOVUS CONTACTS:

Investor Relations

Investor Relations general line

403-766-7711

Media

Media Relations general line

403-766-7751

Page 2

Disclaimer

Cenovus Energy Inc. published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 18:16:02 UTC.


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Financials
Sales 2021 42 156 M 34 661 M 34 661 M
Net income 2021 1 440 M 1 184 M 1 184 M
Net Debt 2021 10 332 M 8 495 M 8 495 M
P/E ratio 2021 16,3x
Yield 2021 0,50%
Capitalization 24 512 M 20 159 M 20 153 M
EV / Sales 2021 0,83x
EV / Sales 2022 0,69x
Nbr of Employees 2 413
Free-Float 62,7%
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Technical analysis trends CENOVUS ENERGY INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 13,54 CAD
Last Close Price 12,15 CAD
Spread / Highest target 31,7%
Spread / Average Target 11,5%
Spread / Lowest Target -25,9%
EPS Revisions
Managers and Directors
NameTitle
Alexander J. Pourbaix President, CEO & Non-Independent Director
Jeffrey R. Hart Chief Financial Officer & Executive Vice President
Keith A. J. MacPhail Chairman
Jonathan M. McKenzie Chief Operating Officer & Executive Vice President
Richard J. Marcogliese Independent Director
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