Shareholder information & FAQs

Computershare Investor Services Inc., at its offices in Calgary, AB and Toronto, ON, serves as Cenovus’s transfer and dividend reinvestment plan (DRIP) agent and registrar, dividend disbursing agent, and shareholder rights plan agent. Computershare Trust Company, NA in Canton, MA serves as co-transfer agent. For inquiries regarding your shareholder account, reporting a change of address, enrolling in the DRIP, replacing lost share certificates, transferring shares, estate settlements, etc., please contact Computershare directly:

Mailing address
Computershare Investor Services Inc.
100 University Avenue
8th Floor
Toronto, Ontario M5J 2Y1

Telephone
Toll-free North America: (866) 332-8898
Outside North America: (514) 982-8717

The following investment firms cover the securities of Cenovus Energy. This list of investment firms is being provided solely for your information and convenience and does not constitute an endorsement by Cenovus Energy of any information or reports provided by any of the investment firms listed below. Please refer to the Legal Notice on this website.

Investment firms

• ATB Capital Markets – Patrick O’Rourke
• BMO Capital Markets – Randy Ollenberger
• CIBC World Markets – Dennis Fong
• Desjardins Capital Markets – Chris MacCulloch
• Goldman Sachs – Neil Mehta
• Jefferies – Lloyd Byrne
• J.P. Morgan – Arun Jayaram
• Morgan Stanley – Devin McDermott
• National Bank Financial – Travis Wood
• Peters & Co. – Tyler Reardon
• Raymond James Ltd. – Michael Barth
• RBC Capital Markets – Greg Pardy
• Scotiabank – Kevin Fisk
• TD Cowen – Menno Hulshof
• Tudor, Pickering, Holt & Co. – Jeoffrey Lambujon
• UBS – Manav Gupta
• Veritas – Darryl McCoubrey

Cenovus was created through the division of Encana Corporation into two highly focused and independent publicly traded energy companies on December 1, 2009. For a full description of the transaction, please view the Information Circular (October 2009).

If my address has changed, I have estate, trust or corporate transfers or I have lost my share certificates?
You will need to contact our registrar and transfer agent Computershare Investor Services Inc. at 1-866-332-8898 or 514-982-8717 (if outside North America) for assistance.

To get printed copies of the quarterly or annual reports?
Copies are available to shareholders upon request, free of charge by emailing investor.relations@cenovus.com.

To confirm my original date(s) of purchase?
If you are a registered shareholder, please contact our registrar and transfer agent Computershare Investor Services Inc. at 1-866-332-8898 or 514-982-8717 (if outside North America) to help you confirm the date of issue of your share certificate(s) if that corresponds to your original date(s) of purchase.

If you are a non-registered shareholder, you should contact your broker, investment dealer, bank, trust company, trustee, nominee or other Intermediary for assistance.

With general questions about Cenovus?
Please contact our team at investor.relations@cenovus.com or 403-766-7711 or 1-877-766-2066.

Where is Cenovus common equity listed and what is the ticker symbol?
Cenovus common shares (ticker symbol: CVE) are listed on both the Toronto Stock Exchange and the New York Stock Exchange.

Where is Cenovus preferred equity listed and what is the ticker symbol?
Cenovus cumulative redeemable preferred shares series 1 and 2 are listed on the Toronto Stock Exchange under the symbols CVE.PR.A and CVE.PR.B, respectively.

Does Cenovus have a direct share purchase plan?
No. All purchases or sales of Cenovus securities must be done through a brokerage service provider.

How can I purchase Cenovus shares?
To purchase Cenovus common shares, preferred shares or warrants, you must do so through a brokerage service provider. Cenovus cannot provide investment advice or act as a financial advisor.

Does Cenovus pay a dividend?
Yes, Cenovus has established a quarterly dividend payable to common shareholders. The declaration of dividends is at the sole discretion of the Board of Directors. For a list of dividends declared, please view the Dividend table.

Does Cenovus have a dividend reinvestment plan (DRIP)?
Yes. Effective April 21, 2010, Cenovus established a DRIP for its common shares. For further information, please view our DRIP, contact our transfer and DRIP agent, Computershare Investor Services Inc. at 1-866-332-8898 or visit the Cenovus Investor Centre.

Who should I contact if I have not received dividend payments?
If you are a registered shareholder, please contact our registrar and transfer and DRIP agent, Computershare Investor Services Inc. at 1-866-332-8898, or 514-982-8717 (if outside North America) to assist you. If you are a beneficial shareholder, please contact your broker for assistance.

Is the DRIP available to all shareholders?
Yes, Canadian, U.S. and international shareholders are eligible to enroll in the DRIP. Once enrolled, participation is automatic.

On January 1, 2021, Cenovus acquired Husky Energy Inc. Husky shareholders received 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share. Read more about the Cenovus and Husky transaction. 

I was a Husky shareholder who received warrants of Cenovus at the time of the merger. What are these? How do I exercise the warrants? When do they expire?
Pursuant to the transaction agreement, Husky common shareholders received 0.7845 of a Cenovus common share and 0.0651 of a Cenovus common share purchase warrant in exchange for each Husky common share.

Each whole warrant entitles the holder to acquire one Cenovus common share until 4:30 pm (Calgary time) on January 1, 2026 at an exercise price of CAD$6.54 per share. It is five years from the date the transaction closed. The Cenovus warrants have been listed on the Toronto and New York exchanges under the ticker symbols (TSX: CVE WT) and (NYSE: CVE WS).

You can trade or exercise your warrants any time between now and January 1, 2026 through your brokerage.

Please visit the transaction proxy circular here for more information.

What is my adjusted cost base?

Former HSE common shareholders should consult their own tax advisors regarding the method for determining the ACB allocation that is appropriate for their particular circumstances for Canadian income tax purposes. The estimates of fair market value (FMV) information and the adjusted cost base (ACB) allocation of such FMV estimates between CVE Common Shares and CVE Warrants below are not binding on the Canada Revenue Agency, CVE/HSE or any shareholder. However, it is recommended that the FMV allocation between CVE Common Shares and CVE Warrants reported by former Husky common shareholders for Canadian income tax purposes be consistent with the allocation estimated by Cenovus. Effective as of January 1, 2021, each former HSE common shareholder received, in respect of each HSE Common share held, 0.7845 of a CVE Common Share and 0.0651 of a CVE Warrant. 788.5 million CVE Common Shares and 65.4 million CVE Warrants were issued to HSE common shareholders and CVE acquired 1,005 million issued and outstanding HSE Common Shares. Each whole CVE Warrant entitles the holder to acquire one CVE Common Share at any time up to January 1, 2026 at an exercise price of C$6.54. The following estimated FMV information may be useful for former HSE common shareholders in determining the allocation of a shareholder’s HSE Common Shares between Warrant Consideration Common Shares and Share Consideration Common Shares:

Cenovus has estimated the total FMV of the CVE Common Shares issued in exchange for a portion of the HSE Common Shares that Cenovus acquired under the Arrangement to be approximately C$6.1 billion, based on the closing price of C$7.75 per CVE Common Share on the TSX on December 31, 2020; and Cenovus has estimated the FMV of the CVE Warrants issued in exchange for a portion of the HSE Common Shares that Cenovus acquired under the Arrangement to be approximately C$216 million (or approximately $3.30 per CVE Warrant). Based on the foregoing estimated FMV information, the relative portion of a shareholder’s HSE Common Shares that are considered Warrant Consideration Common Shares is estimated to be 3.42% of the shareholder’s HSE Common Shares, and the relative portion of such HSE Common Shares that are considered to be Share Consideration Common Shares is estimated to be 96.58% of the shareholder’s HSE Common Shares. Former HSE common shareholders must determine their ACB based on their records. Cenovus (including Husky) does not have the information necessary to determine the ACB of the HSE Common Shares which have been exchanged, as the ACB will be unique to each former HSE common shareholder’s particular circumstances.

Former HSE shareholders who require assistance regarding the determination of the ACB of their HSE Common Shares should contact their tax advisor. For assistance obtaining records with respect to shareholdings, please contact your broker (if you are not a registered holder) or CVE/HSE’s transfer agent, Computershare - Telephone: toll-free North America: (866) 332-8898, outside North America: (514) 982-8717 (if you are a registered holder).

Please note that Encana Corporation (ECA) is now Ovintiv Inc. (OVV) as of January 24, 2020.

When did Cenovus begin independent operations? 
On December 1, 2009, Encana Corporation split into two distinct companies: one an oil company (Cenovus), the other a natural gas company (Encana). Learn more about pre-split information.

Where can I find additional information relating to Encana Corporation and any historical stock information such as splits or rights offerings that may have taken place?
For information regarding the common share history of Encana Corporation's (now Ovintiv Inc.) , historical financial reports and other shareholder materials, please visit their website www.ovintiv.com.

What do I receive if I held Encana Corporation common shares prior to the split?
Shareholders received one Cenovus common share and one Encana common share for each Encana common share held. A share certificate was issued to you representing the Cenovus common shares.

Where can I find cost allocation and tax implication information relating to the split of Encana Corporation into two independent companies, Cenovus Energy Inc. and Encana Corporation?
For information regarding cost allocation and tax implications relating to the split, please visit Ovintiv's website www.ovintiv.com.