<SEC-DOCUMENT>0000950142-21-000014.txt : 20210104
<SEC-HEADER>0000950142-21-000014.hdr.sgml : 20210104
<ACCEPTANCE-DATETIME>20210104165043
ACCESSION NUMBER:		0000950142-21-000014
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		11
FILED AS OF DATE:		20210104
DATE AS OF CHANGE:		20210104
EFFECTIVENESS DATE:		20210104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENOVUS ENERGY INC.
		CENTRAL INDEX KEY:			0001475260
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				980642460
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-251886
		FILM NUMBER:		21502388

	BUSINESS ADDRESS:	
		STREET 1:		225 - 6 AVENUE S.W.
		STREET 2:		P.O. BOX 766
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 1N2
		BUSINESS PHONE:		403-766-2000

	MAIL ADDRESS:	
		STREET 1:		225 - 6 AVENUE S.W.
		STREET 2:		P.O. BOX 766
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 1N2
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>eh200120994_s8.htm
<DESCRIPTION>FORM S-8
<TEXT>
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    <div style="text-align: center; line-height: 1.25; margin-top: 6pt; font-weight: bold;">As filed with the Securities and Exchange Commission on January 4, 2021</div>
    <div style="text-align: right; line-height: 1.25; margin-top: 3pt; font-weight: bold;">Registration No. 333-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
    </div>
    <div style="text-align: right; line-height: 1.25; margin-top: 3pt; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;">
      <hr style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"> </div>
    <div style="text-align: center; line-height: 1.25; margin-top: 12pt; font-weight: bold;">UNITED STATES<br>
      SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center; line-height: 1.25; margin-top: 12pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">REGISTRATION STATEMENT<font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font>UNDER THE SECURITIES ACT OF 1933</div>
    <div style="text-align: center; line-height: 1.25; margin-top: 12pt; font-weight: bold;">CENOVUS ENERGY INC.</div>
    <div style="text-align: center; line-height: 1.25;">(Exact name of Registrant as specified in its charter)</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za386c1eac37a4ca88475aa4329c53d96" border="0" cellpadding="0" cellspacing="0">

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            <div style="text-align: center; line-height: 1.25; color: #000000; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Canada</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font><font style="font-size: 10pt;">(State or other jurisdiction of incorporation or<font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font>organization)</font></div>
          </td>
          <td style="width: 5.06%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 1.25; color: #000000; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">98-0642460</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font><font style="font-size: 10pt;">(IRS Employer<font style="font-family: 'Times New Roman',Times,serif;"><br>
                </font>Identification No.)</font></div>
          </td>
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            <div style="text-align: center; line-height: 1.25; color: #000000; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">4100, 225 6 Avenue S.W.</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Calgary, Alberta, Canada</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(403) 766-2000</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font><font style="font-size: 10pt;">(Address of Principal Executive Offices)</font></div>
          </td>
          <td style="width: 5.06%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.25; color: #000000; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">T2P 1N2</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
              </font><font style="font-size: 10pt;">(Zip Code)</font></div>
          </td>
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    </table>
    <div style="text-align: center; line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Husky Energy Inc.
        Incentive Stock Option Plan</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-size: 10pt;">(Full title of the plan)</font></div>
    <div style="text-align: center; line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">CT Corporation System</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">28 Liberty St., 42</font><font style="font-size: 10pt;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"> Floor, New York, NY 10005</font><font style="font-family: 'Times New Roman',Times,serif;"><br>
        </font>(Name and address of agent for service)</font></div>
    <div style="text-align: center; line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(212) 894-8940</font><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-size: 10pt;">(Telephone number, including area code, of agent for service)</font></div>
    <div style="text-align: center; line-height: 1.25; margin-top: 16pt;">COPIES TO:</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zdaf0520e9aa247a8b4deedf6a3764115" border="0" cellpadding="0" cellspacing="0">

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          <td style="width: 45%; vertical-align: bottom;">&#160;</td>
          <td style="width: 5.05%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Gary Molnar<br>
              Cenovus Energy Inc.<br>
              4100, 225 6 Avenue S.W.<br>
              P.O. Box 766<br>
              Calgary, Alberta, Canada T2P 1N2<br>
              (403) 766-2000</div>
          </td>
          <td style="width: 5.05%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Andrew J. Foley<br>
              Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP<br>
              1285 Avenue of the Americas<br>
              New York, New York 10019-6064<br>
              (212) 373-3000</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; margin-top: 6pt;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#8220;large accelerated
      filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the Exchange Act.</div>
    <div style="line-height: 1.25; margin-top: 6pt;"><br style="line-height: 1.25;">
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          <td style="width: 21.98%; vertical-align: top;">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Large accelerated filer &#9746;</div>
          </td>
          <td style="width: 16.3%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Accelerated filer &#9744;</div>
          </td>
          <td style="width: 36.89%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Non-accelerated filer &#9744;<br>
              (Do not check if a smaller reporting company)</div>
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          <td style="width: 24.83%; vertical-align: top;">
            <div style="text-align: right; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Smaller reporting company &#9744;</div>
          </td>
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    <div style="text-align: center; line-height: 1.25; margin-top: 9pt; font-weight: bold;">CALCULATION OF REGISTRATION FEE</div>
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          <td style="width: 45.51%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Title of</div>
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Securities to be Registered(1)</div>
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          <td style="width: 0.51%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 0.42%; vertical-align: bottom;">&#160;</td>
          <td style="width: 11.53%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Amount to be</div>
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Registered (2)(3)</div>
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          <td style="width: 0.51%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 0.42%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.81%; vertical-align: bottom;" nowrap="nowrap">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;"> Proposed Maximum</div>
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Offering Price Per</div>
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Share (4)</div>
          </td>
          <td style="width: 0.51%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 0.42%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.81%; vertical-align: bottom;" nowrap="nowrap">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Proposed Maximum</div>
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Aggregate Offering</div>
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Price(4)</div>
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          <td style="width: 0.51%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 0.42%; vertical-align: bottom;">&#160;</td>
          <td style="width: 11.19%; vertical-align: bottom;" nowrap="nowrap">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Amount of</div>
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Registration Fee</div>
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          <td style="width: 0.34%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 45.51%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-indent: -11.25pt; margin-left: 11.25pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Common shares, no par value (together with associated common share purchase rights)</div>
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          <td style="width: 0.42%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">1,250,000<br>
              <font style="font-weight: bold;"></font></div>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="color: rgb(0, 0, 0);">$</font>5.85</div>
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          <td style="width: 0.42%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="color: rgb(0, 0, 0);">$7,312,500.00</font></div>
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          <td style="width: 0.42%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 11.19%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="color: rgb(0, 0, 0);">$797.80</font></div>
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          <td style="width: 0.34%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
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    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

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          <td style="width: 4.24%; vertical-align: top;" nowrap="nowrap">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">(1)</div>
          </td>
          <td style="width: 95.68%; vertical-align: top;">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Rights are initially carried and traded with the common shares of the Registrant. Value attributable to such rights, if any, is reflected in the
              market price of the common shares.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.24%; vertical-align: middle;">&#160;</td>
          <td style="width: 95.68%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.24%; vertical-align: top;" nowrap="nowrap">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">(2)</div>
          </td>
          <td style="width: 95.68%; vertical-align: top;">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="color: rgb(0, 0, 0);">This Registration Statement shall, in accordance with Rule 416 under the Securities Act of 1933 (the &#8220;Securities Act&#8221;), as amended,
                be deemed to cover such additional shares as may be issued pursuant to the anti-dilution provisions of the </font>Husky Energy Inc. Incentive Stock Option Plan dated effective November 16, 2018 (the &#8220;Husky Incentive Plan&#8221;)<font style="color: rgb(0, 0, 0);"> or to otherwise prevent dilution resulting from stock splits, stock dividends or similar transactions.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.24%; vertical-align: middle;">&#160;</td>
          <td style="width: 95.68%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.24%; vertical-align: top;" nowrap="nowrap">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">(3)</div>
          </td>
          <td style="width: 95.68%; vertical-align: top;">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Represents the maximum number of shares which may be issued under the Husky Incentive Plan.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4.24%; vertical-align: middle;">&#160;</td>
          <td style="width: 95.68%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 4.24%; vertical-align: top;" nowrap="nowrap">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">(4)</div>
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          <td style="width: 95.68%; vertical-align: top;">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="color: rgb(0, 0, 0);">Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(h) under the Securities Act, based
                on the average of the high and low sales prices of the common shares as reported on the New York Stock Exchange on December </font>24, 2020<font style="color: rgb(0, 0, 0);">.</font></div>
          </td>
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    </table>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
      </div>
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    <div style="text-align: center; line-height: 1.25; margin-top: 18pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXPLANATORY NOTE</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';">On October 24, 2020, the Registrant entered into an Arrangement Agreement with Husky Energy Inc. (&#8220;Husky&#8221;) pursuant to which the Registrant agreed to acquire all of the issued and
      outstanding common shares and preferred shares of Husky (the &#8220;Arrangement&#8221;). In connection with the Arrangement, the Registrant has assumed the incentive stock option plan of Husky, dated November 16, 2018 (the &#8220;Husky Incentive Plan&#8221;), and each
      outstanding stock option of Husky granted under the Husky Incentive Plan (each, a &#8220;Husky Option&#8221;) will be exchanged for an option (each, a &#8220;Replacement Option&#8221;) to purchase 0.7845 common shares, no par value, of the Registrant (the &#8220;common shares&#8221;),
      with an exercise price per Cenovus common share equal to the exercise price per share of such Husky Option divided by 0.7845 and rounded up to the nearest whole cent. The Registrant has prepared this Registration Statement in accordance with the
      requirements of Form S-8 under the Securities Act to register 1,250,000 common shares, that are reserved for issuance upon exercise of the Replacement Options, together with any common share purchase rights that are carried and traded with the common
      shares of the Registrant.</div>
    <div style="line-height: 1.25; margin-top: 6pt; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; margin-top: 6pt; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">PART I</div>
    <div style="text-align: center; line-height: 1.25; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</div>
    <div style="line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 1. Plan Information</div>
    <div style="line-height: 1.25; margin-top: 6pt; font-family: 'Times New Roman', Times, serif;">The document(s) containing the information specified in Part I of Form S-8 will be sent or given to participants in the Plan as specified by Rule 428(b)(1)
      under the Securities Act.</div>
    <div style="line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 2. Registrant Information and Employee Plan Annual Information</div>
    <div style="line-height: 1.25; margin-top: 6pt; font-family: 'Times New Roman', Times, serif;">The Registrant will provide to the participants of the Plan a written statement advising them of the availability without charge, upon written or oral
      request, of the documents incorporated by reference in Item 3 of Part II of this Registration Statement, as required by Item 2 of Part I of Form S-8, other than exhibits to such documents (unless such exhibits are specifically incorporated by
      reference to the information that is incorporated). Those documents are incorporated by reference in the Section 10(a) prospectus. The statement also shall indicate the availability without charge, upon written or oral request, of other documents
      required to be delivered to employees pursuant to Rule 428(b). Requests should be directed to Cenovus Energy Inc., 4100, 225 6 Avenue S.W., Calgary, Alberta, Canada T2P 1N2, Attention: Corporate Secretary; Telephone number (403) 766-2000.</div>
    <div style="line-height: 1.25; margin-top: 12pt; margin-bottom: 12pt;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">PART II</div>
    <div style="text-align: center; line-height: 1.25; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 3. Incorporation of Documents by Reference</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">The following documents previously filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;) by the Registrant are incorporated by reference into this Registration
      Statement:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div>
      <div>
        <table class="DSPFListTable" id="z7cba0ab7cc78451ea539df4f8fb8c4c1" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

            <tr style="vertical-align: top;">
              <td style="width: 18pt;">&#160;</td>
              <td style="vertical-align: top; width: 18pt; font-size: 8pt;">
                <div><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div>The Registrant&#8217;s Annual Report on <a href="http://www.sec.gov/Archives/edgar/data/1475260/000156459020004341/cve-40f_20191231.htm">Form 40-F</a> for the fiscal year ended December 31, 2019, filed with the Commission on February 12,
                  2020;</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25;"><br>
    </div>
    <div>
      <div>
        <table class="DSPFListTable" id="z9a50e7b579794060b63ef37c037329ed" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

            <tr style="vertical-align: top;">
              <td style="width: 18pt;">&#160;</td>
              <td style="vertical-align: top; width: 18pt; font-size: 8pt;">
                <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div>The portions of the Registrant&#8217;s Report of Foreign Private Issuer on Form 6-K filed with the Commission on <a href="http://www.sec.gov/Archives/edgar/data/1475260/000156459020019530/cve-6k_20200331.htm">April 29, 2020</a>, <a href="http://www.sec.gov/Archives/edgar/data/1475260/000156459020033203/cve-6k_20200630.htm">July 23, 2020</a>, <a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014220001823/eh2000976_6k.htm">July 29, 2020</a>, <a href="http://www.sec.gov/Archives/edgar/data/1475260/000156459020048652/cve-6k_20200930.htm">October 29, 2020</a>, <a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014220002523/eh200113390_6k.htm">November 16, 2020</a>, <a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014220002857/eh200120659_6k.htm">December 22, 2020</a> and <a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_6k.htm">January 4, 2021</a>;</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25;"><br>
    </div>
    <div>
      <div>
        <table class="DSPFListTable" id="z6b269305bb414badb118aba12e69ca28" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

            <tr style="vertical-align: top;">
              <td style="width: 18pt;">&#160;</td>
              <td style="vertical-align: top; width: 18pt; font-size: 8pt;">
                <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div>The description of the common shares set forth in the Registrant&#8217;s Registration Statement on <a href="http://www.sec.gov/Archives/edgar/data/1475260/000119312519249681/d741751df10a.htm">Form F-10</a> filed pursuant to Section 12 of
                  the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;), as amended, on September 20, 2019, and any amendment or report filed for the purpose of updating such description.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="font-family: 'Times New Roman', Times, serif;"> <br>
      </div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">In addition, all reports and documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, subsequent to the date hereof
      and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all of such securities then remaining unsold, shall be deemed to be incorporated by reference into this
      Registration Statement and to be a part hereof from the date of filing of such reports or documents. The Registrant may incorporate by reference its future reports on Form 6-K by stating in those reports that they are being incorporated by reference
      into this Registration Statement. Any statement in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement
      contained herein or in any other subsequently filed document which also is or deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or
      superseded, to constitute a part of this Registration Statement.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 4. Description of Securities</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Not applicable.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 5. Interests of Named Experts and Counsel</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Not applicable.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 6. Indemnification of Directors and Officers</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif; text-indent: 24.5pt;">Under Section&#160;124 of the&#160;<font style="font-style: italic;">Canada Business Corporations Act</font>&#160;(the &#8220;CBCA&#8221;), the Registrant may
        indemnify a present or former director or officer of the Registrant or another individual who acts or acted at the Registrant&#8217;s request as a director or officer, or an individual acting in a similar capacity, of another entity, against all costs,
        charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual in respect of any civil, criminal, administrative, investigative or other proceeding in which the individual is involved
        because of that association with the Registrant or other entity. The Registrant may not indemnify an individual unless the individual acted honestly and in good faith with a view to the best interests of the Registrant, or, as the case may be, to
        the best interests of the other entity for which the individual acted as a director or officer or in a similar capacity at the Registrant&#8217;s request and in the case of a criminal or administrative action or proceeding that is enforced by a monetary
        penalty, the individual had reasonable grounds for believing that the individual&#8217;s conduct was lawful. The indemnification may be made in connection with a derivative action only with court approval. The aforementioned individuals are entitled to
        indemnification from the Registrant as a matter of right if they were not judged by the court or other competent authority to have committed any fault or omitted to do anything that the individual ought to have done. The Registrant may advance
        moneys to a director, officer or other individual for the costs, charges and expenses of an aforementioned proceeding; however, the individual shall repay the moneys if the individual does not fulfill the conditions set out above.</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif; text-indent: 24.5pt;">The&#160;by-laws&#160;of the Registrant provide that, subject to the limitations contained in the CBCA, but without limit to the right of the
        Registrant to indemnify any person under the CBCA or otherwise, the Registrant shall indemnify a director or officer of the Registrant, a former director or officer of the Registrant or another individual who acts or acted at the Registrant&#8217;s
        request as a director or officer, or an individual acting in a similar capacity, of another </div>
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif; text-indent: 24.5pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
      </div>
      <div style="line-height: 1.25; color: rgb(0, 0, 0);">entity, against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual in respect of any civil, criminal,
        administrative, investigative or other proceeding in which the individual is involved because of that association with the Registrant or other entity, if the individual acted honestly and in good faith with a view to the best interests of the
        Registrant, or, as the case may be, to the best interests of the other entity for which the individual acted as director or officer or in a similar capacity at the Registrant&#8217;s request, and in the case of a criminal or administrative action or
        proceeding that is enforced by a monetary penalty, the individual had reasonable grounds for believing that the individual&#8217;s conduct was lawful.</div>
      <div style="text-indent: 24.5pt; line-height: 1.25; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', Times, serif;">The&#160;by-laws&#160;of the Registrant provide that the Registrant may, subject to the limitations contained in the CBCA,
        purchase, maintain, or participate in insurance for the benefit of a director or officer of the Registrant, a former director or officer of the Registrant, or another individual who acts or acted at the Registrant&#8217;s request as a director or
        officer, or an individual acting in a similar capacity, of another entity, as the Board may from time to time determine.</div>
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif; text-indent: 24.5pt;"> <br>
      </div>
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-indent: 24.5pt;">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers
        or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore
        unenforceable.</div>
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-indent: 24.5pt;"> <br>
      </div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 7. Exemption from Registration Claimed</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Not applicable.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 8. Exhibits</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z7f3e45d66d6e4bbcbaa7d053ca85e706" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">EXHIBIT</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">DESCRIPTION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">4.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9902.htm">Amended and Restated Shareholder Rights Plan Agreement, dated January 1, 2021, by and between the Registrant and
                Computershare Investor Services Inc., as rights agent, incorporated by reference to Exhibit 99.2 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top; text-align: center;">4.2<br>
          </td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9903.htm">Pre-Emptive Rights Agreement, dated January 1, 2021, by and between the Registrant and Hutchison Whampoa Europe
                Investments S.&#224; r.l., incorporated by reference to Exhibit 99.3 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top; text-align: center;">4.3<br>
          </td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9904.htm">Pre-Emptive Rights Agreement, dated January 1, 2021, by and between the Registrant and L.F. Investments S.&#224; r.l.,
                incorporated by reference to Exhibit 99.4 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top; text-align: center;">4.4<br>
          </td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9905.htm">Registration Rights Agreement, dated January 1, 2021, by and between the Registrant and Hutchison Whampoa Europe
                Investments S.&#224; r.l., incorporated by reference to Exhibit 99.5 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top; text-align: center;">4.5</td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9906.htm">Registration Rights Agreement, dated January 1, 2021, by and between the Registrant and L.F. Investments S.&#224;
                r.l., incorporated by reference to Exhibit 99.6 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">5.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex0501.htm">Opinion of Bennett Jones LLP, Canadian counsel to the Registrant regarding the legality
                of the common shares.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">10.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top; font-family: 'Times New Roman';">
            <div>
              <div><a href="http://www.sec.gov/Archives/edgar/data/49279/000119312519169284/d761015d6k.htm">Husky Energy Inc. Incentive Stock Option Plan, dated November 16, 2018 and Form of Option Agreement (incorporated by reference to Exhibit A to the
                  Report of Foreign Issuer filed by Husky Energy Inc. on June 10, 2019).</a></div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2301.htm">Consent of PricewaterhouseCoopers LLP.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.2</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2302.htm">Consent of KPMG LLP.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.3</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2303.htm">Consent of McDaniel &amp; Associates Consultants Ltd.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.4</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2304.htm">Consent of GLJ Petroleum Consultants Ltd.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.5</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2305.htm">Consent of Sproule Associates Limited.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.6</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex0501.htm">Consent of Bennett Jones LLP, Canadian counsel to the Registrant (included in Exhibit
                5.1).</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">24.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="#SIGNATURES">Powers of Attorney (included on the signature pages to this Registration Statement).</a></div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 9. Undertakings</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(a) The undersigned Registrant hereby undertakes:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(1) To file, during any period in which offers or sales are being made, a post- effective amendment to this Registration Statement:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof)
      which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value
      of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in
      the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective Registration Statement;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such
      information in the Registration Statement;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
    </div>
    <div style="line-height: 1.25; margin-top: 6pt; font-family: 'Times New Roman', Times, serif;">Provided, however, that:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(A) Paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in
      periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference into this Registration Statement;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement
      relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(4) To file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A of Form 20-F throughout a continuous offering.
      Financial statements and information otherwise required by Section 10(a)(3) of the Act need not be furnished, provided that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to
      this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(b) The undersigned Registrant hereby undertakes that, for purposes of determining liability under the Securities Act, each filing of the Registrant&#8217;s annual report pursuant
      to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference into this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such
      securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to
      the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim
      for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
      asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
      appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</div>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">SIGNATURES<a name="SIGNATURES"><!--Anchor--></a></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for
      filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Calgary, Province of Alberta, on January 4, 2021.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z13e84c141d214703915fee6ee82656ea" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 30%; vertical-align: middle;">&#160;</td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">
            <div style="line-height: 1.25; color: #000000; font-weight: bold;">CENOVUS ENERGY INC.</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="3" style="vertical-align: middle;">&#160;</td>
          <td rowspan="1" style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle;">&#160;</td>
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            <div style="line-height: 1.25; color: #000000;">By:</div>
          </td>
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            <div style="line-height: 1.25;"><font style="color: #000000;">/s/ </font>Alex J. Pourbaix</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
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            <div style="line-height: 1.25; color: #000000;">Name:</div>
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          <td style="width: 30%; vertical-align: middle; font-family: 'Times New Roman';">
            <div>
              <div>Alex J. Pourbaix</div>
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          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
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            <div style="line-height: 1.25; color: #000000;">Title:</div>
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            <div>
              <div>President &amp; Chief Executive Officer</div>
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          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">POWER OF ATTORNEY</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Each person whose signature appears below constitutes and appoints Alex Pourbaix, Jeff Hart and Jon McKenzie as such person&#8217;s true and lawful attorneys-in-fact and agents,
      with full power of substitution and revocation, for such person and in such person&#8217;s name, place and stead, in any and all capacities (until revoked in writing), to sign any and all amendments (including post-effective amendments) to this
      Registration Statement and to file the same with all exhibits thereto, and the other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and
      authority to do and perform each and every act and things requisite and necessary to be done, as fully to all intents and purposes as such person might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents,
      or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated effective January 4,
      2021:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z8c9326d6a4aa4a6e9791ce0ba1b0825a" border="0" cellpadding="0" cellspacing="0">

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            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Signature</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td style="width: 60%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Title</div>
          </td>
        </tr>
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          <td style="width: 30%; vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td style="width: 60%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Alex Pourbaix</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">President and Director (Principal Executive Officer)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Alex Pourbaix</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Jeff Hart</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Chief Financial Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Jeff Hart</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="line-height: 1.25; color: #000000;">(Principal Financial and Accounting Officer)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Keith A. MacPhail</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Keith A. MacPhail</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Keith M. Casey</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Keith M. Casey</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Jane E. Kinney</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Jane E. Kinney</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Canning K.N. Fok</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Canning K.N. Fok</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Eva L. Kwok</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Eva L. Kwok</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Harold N. Kvisle</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="line-height: 1.25; color: #000000;">Director</div>
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        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Harold N. Kvisle</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
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          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Richard J. Marcogliese</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
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        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Richard J. Marcogliese</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
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          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Claude Mongeau</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
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        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Claude Mongeau</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Wayne E. Shaw</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
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        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Wayne E. Shaw</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Frank J. Sixt</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Frank J. Sixt</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Rhonda I. Zygocki</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Director</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Rhonda I. Zygocki</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">AUTHORIZED REPRESENTATIVE</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements to Section 6(a) of the Securities Act of 1933, the undersigned has signed this Registration Statement solely in the capacity of the duly
      authorized representative of the Registrant in the United States on January <font style="color: #000000;">4, 2021</font>.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z83876497045e4a43a6e819996c7d9bd3" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 30%; vertical-align: middle;">&#160;</td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">
            <div style="line-height: 1.25; color: #000000;">CENOVUS ENERGY US LLC</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="3" style="vertical-align: middle;">&#160;</td>
          <td rowspan="1" style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">By:</div>
          </td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; color: #000000;">/s/ Daniel Durci</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Name:</div>
          </td>
          <td style="width: 30%; vertical-align: middle;">
            <div style="line-height: 1.25; color: #000000;">Daniel Durci</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;">Title:</div>
          </td>
          <td style="width: 30%; vertical-align: middle;">
            <div style="line-height: 1.25; color: #000000;">President</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.25; margin-top: 12pt; margin-bottom: 12pt;"><br style="line-height: 1.25;">
    </div>
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    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">INDEX TO EXHIBITS</div>
    <div style="line-height: 1.25; margin-top: 10pt; margin-bottom: 10pt;"> </div>
  </div>
  <div style="font-family: 'Times New Roman',Times,serif;">
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">EXHIBIT</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" nowrap="nowrap">
            <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">DESCRIPTION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">4.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9902.htm">Amended and Restated Shareholder Rights Plan Agreement, dated January 1, 2021, by and between the Registrant and
                Computershare Investor Services Inc., as rights agent, incorporated by reference to Exhibit 99.2 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top; text-align: center;">4.2<br>
          </td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9903.htm">Pre-Emptive Rights Agreement, dated January 1, 2021, by and between the Registrant and Hutchison Whampoa Europe
                Investments S.&#224; r.l., incorporated by reference to Exhibit 99.3 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top; text-align: center;">4.3<br>
          </td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9904.htm">Pre-Emptive Rights Agreement, dated January 1, 2021, by and between the Registrant and L.F. Investments S.&#224; r.l.,
                incorporated by reference to Exhibit 99.4 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top; text-align: center;">4.4<br>
          </td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9905.htm">Registration Rights Agreement, dated January 1, 2021, by and between the Registrant and Hutchison Whampoa Europe
                Investments S.&#224; r.l., incorporated by reference to Exhibit 99.5 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7%; vertical-align: top; text-align: center;">4.5</td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="http://www.sec.gov/Archives/edgar/data/1475260/000095014221000003/eh200122594_ex9906.htm">Registration Rights Agreement, dated January 1, 2021, by and between the Registrant and L.F. Investments S.&#224;
                r.l., incorporated by reference to Exhibit 99.6 to the Report of Foreign Issuer filed by the Registrant on January 4, 2021.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">5.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex0501.htm">Opinion of Bennett Jones LLP, Canadian counsel to the Registrant regarding the legality
                of the common shares.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">10.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top; font-family: 'Times New Roman';">
            <div>
              <div><a href="http://www.sec.gov/Archives/edgar/data/49279/000119312519169284/d761015d6k.htm">Husky Energy Inc. Incentive Stock Option Plan, dated November 16, 2018 and Form of Option Agreement (incorporated by reference to Exhibit A to the
                  Report of Foreign Issuer filed by Husky Energy Inc. on June 10, 2019).</a></div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2301.htm">Consent of PricewaterhouseCoopers LLP.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.2</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2302.htm">Consent of KPMG LLP.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.3</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2303.htm">Consent of McDaniel &amp; Associates Consultants Ltd.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.4</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2304.htm">Consent of GLJ Petroleum Consultants Ltd.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.5</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex2305.htm">Consent of Sproule Associates Limited.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">23.6</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="eh200120994_ex0501.htm">Consent of Bennett Jones LLP, Canadian counsel to the Registrant (included in Exhibit
                5.1).</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: #000000;">24.1</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="line-height: 1.25; color: #000000;"><a href="#SIGNATURES">Powers of Attorney (included on the signature pages to this Registration Statement).</a></div>
          </td>
        </tr>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>eh200120994_ex0501.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Paul Weiss
         Document created using EDGARfilings PROfile 7.1.0.0
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<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div style="font-family: 'Times New Roman',Times,serif; text-align: right;"><font style="font-weight: bold;">EXHIBIT 5.1</font><br>
  </div>
  <div style="font-family: 'Times New Roman',Times,serif;"><br>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif;">January 4, 2021</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Cenovus Energy Inc.<br>
      4100, 225 &#8211; 6 Ave SW<br>
      Calgary, Alberta T2P 0M5</div>
    <div style="line-height: 1.25; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif;">Dear Sirs/Mesdames:</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Re:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Cenovus Energy Inc. &#8211;
        Registration Statement on Form S-8</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">We have acted as Canadian counsel to Cenovus Energy Inc., a corporation existing under the laws of Canada (the "<font style="font-weight: bold;">Corporation</font>"),



      in connection with <font style="color: #000000;">the proposed issuance </font>of up to 1,250,000 common shares in the capital of the Corporation, no par value per share (the "<font style="font-weight: bold;">Common</font>&#160;<font style="font-weight: bold;">Shares</font>"), that are reserved for issuance upon exercise of certain options to purchase Common Shares (the&#160;"<font style="font-weight: bold;">Replacement</font>&#160;<font style="font-weight: bold;">Options</font>") granted pursuant to the
      Arrangement (as defined below), together with any common share purchase rights that are carried and traded with the Common Shares. The Common Shares are included in a <font style="color: #000000;">Registration Statement on Form&#160;S-8 (the "</font><font style="font-weight: bold; color: #000000;">Registration Statement</font><font style="color: #000000;">") under </font><font style="font-style: italic;">The&#160;Securities Act of 1933</font>, as amended,<font style="font-style: italic;">&#160;</font>filed
      with the United States Securities and Exchange Commission (the "<font style="font-weight: bold;">Commission</font>") on January 4, 2021.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">We have also acted as counsel to the Corporation in connection with the arrangement (the "<font style="font-weight: bold;">Arrangement</font>")
      involving, among others, the Corporation and Husky Energy Inc. ("<font style="font-weight: bold;">Husky</font>") pursuant to which the Corporation acquired all of the issued and outstanding common shares and preferred shares of Husky. In connection
      with the Arrangement, the Corporation has assumed the incentive stock option plan of Husky, dated November 16, 2018 (the &#8220;<font style="font-weight: bold;">Husky Incentive Plan</font>&#8221;) and outstanding stock options of Husky granted under the Husky
      Incentive Plan have been exchanged with the Replacement Options pursuant to the Arrangement.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif;">This opinion is being delivered in connection with the Registration Statement, to which this opinion appears as an Exhibit.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">For the purposes of the opinions expressed below, we have examined such statutes, regulations, public and corporate records and other documents and
        have made such investigations and considered such questions of law as we have considered necessary as a basis of the opinions hereinafter expressed.&#160; <font style="color: #000000;">We have also examined the Registration Statement and the </font>Husky



        Incentive Plan<font style="color: #000000;">, which has been filed with </font>the Commission as<font style="color: #000000;"> an Exhibit to the Registration Statement. </font>We have relied on a certificate of an officer of the Corporation as to
        various questions of fact material to our opinion that we have not verified independently. In rendering the opinion expressed in paragraph 1 below, we have relied exclusively on a certificate of compliance dated the date hereof issued pursuant to
        the <font style="font-style: italic;">Canada Business Corporations Act</font>.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif;">In all such examinations, we have assumed the genuineness of all signatures and the authority and legal capacity of all persons
      signing documents reviewed by us, the authenticity of all documents submitted to us as originals and the completeness and conformity to authentic original documents of all documents submitted to us as true, certified or notarial copies or as
      reproductions (including documents received by facsimile), all documents submitted to us have been executed in the form reviewed by us and have not been amended or modified since the date they were submitted to us, by written or oral agreement or by
      conduct of the parties thereto, or otherwise, and the truthfulness and accuracy of all certificates of public officials and officers of the Corporation.&#160; We have also assumed that the Replacement Options granted pursuant to the Arrangement will be
      duly granted in accordance with the terms of the Husky Incentive Plan.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif;">
      <div style="line-height: 1.25;">January 4, 2021</div>
      <div style="line-height: 1.25; margin-bottom: 24pt;">Page Two</div>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif;">We are solicitors qualified to practice law in the Province of Alberta and we express no opinion as to any laws or any matters
      governed by any laws other than the laws of the Province of Alberta and the federal laws of Canada applicable therein.&#160; The opinions expressed herein are given as at the date hereof and are based upon, and subject to, legislation and regulations in
      effect as of the date hereof and the facts as of the date hereof. We specifically disclaim any obligation, and make no undertaking to supplement our opinions herein, as changes in the law occur and facts come to our attention that could affect such
      opinions, or otherwise advise any person of any change in law or fact which may come to our attention after the date hereof.</div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif;">Based upon and subject to the foregoing, we are of the opinion that:</div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z96b3c553914a41558caac7e1855fc14b" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25;">1.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">The Corporation is duly existing as a corporation under the <font style="font-style: italic;">Canada Business Corporations Act </font>and has not been dissolved.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z83ba376916314496a3329b3b9f2ec06c" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25; margin-bottom: 12pt;">2.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt;">An aggregate of up to 1,250,000 Common Shares will be, if and when issued in accordance with the terms and conditions of the Replacement Options and the Husky Incentive
                Plan, including, without limitation, the receipt by the Corporation of the consideration for the Common Shares, duly authorized and validly issued as fully paid and non-assessable common shares in the capital of the Corporation.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif;"><font style="color: #000000;">We hereby consent to the filing of this opinion as an Exhibit to the Registration Statement. In giving
        the foregoing consent, we do not admit that we are in the category of persons whose consent is required under Section&#160;7 of </font><font style="font-style: italic;">The Securities Act of 1933</font>, as amended,<font style="font-weight: bold;">&#160;</font><font style="color: #000000;">or the rules&#160;and regulations of the SEC promulgated thereunder.</font></div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif;">This opinion is for the benefit of the addressee in connection with the transaction to which it relates, and, other than in
      connection with the <font style="color: #000000;">filing of this opinion as an Exhibit to the Registration Statement,</font> may not be relied upon, used, or quoted from or referred to in any other documents, by any other person or for any other
      purpose without our express written consent.</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Yours truly,</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">/s/ Bennett Jones LLP<br style="line-height: 1.25;">
    </div>
    <br>
  </div>
  <div style="font-family: 'Times New Roman',Times,serif;"><br>
  </div>
  <div style="font-family: 'Times New Roman',Times,serif;">
    <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
  <div style="font-family: 'Times New Roman',Times,serif;"><br>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>eh200120994_ex2301.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Paul Weiss
         Document created using EDGARfilings PROfile 7.1.0.0
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  <div>
    <div style="text-align: right; line-height: 1.25; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXHIBIT 23.1</div>
    <div style="line-height: 1.25; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: italic;"><img src="pwclogo1.jpg">
      <div><br>
      </div>
      <div><br>
      </div>
      Consent of Independent Registered Public Accounting Firm</div>
    <div style="line-height: 1.25; margin-bottom: 6pt; font-family: 'Times New Roman', Times, serif;">We hereby consent to the incorporation by reference in this registration statement on Form S-8 (the &#8220;Registration Statement&#8221;) of Cenovus Energy Inc. (the
      &#8220;Registrant&#8221;) of our report dated February 11, 2020 relating to the consolidated financial statements of the Registrant and the effectiveness of the Registrant&#8217;s internal control over financial reporting, which appears in Exhibit 99.3 to the
      Registrant&#8217;s Annual Report on Form 40-F for the year ended December 31, 2019, filed with the Securities and Exchange Commission on February 12, 2020, which is incorporated by reference into this Registration Statement.</div>
    <div style="line-height: 1.25; margin-bottom: 6pt; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; margin-bottom: 6pt; font-family: 'Times New Roman', Times, serif;">
      <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">/s/ PricewaterhouseCoopers LLP</div>
      <div style="line-height: 1.25; color: #FF0000;"> <br>
      </div>
    </div>
    <div style="line-height: 1.25;">Chartered Professional Accountants<br>
      Calgary, Alberta, Canada<br>
      January 4, 2021</div>
    <div style="line-height: 1.25; margin-bottom: 12pt;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; margin-bottom: 12pt;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; margin-bottom: 12pt;">
      <table id="ze20dd6db28754ae2ae47fd4ec5ae21fd" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="border-left: 2px dotted #E46C0A; border-top: 2px dotted #E46C0A; width: 2%;">
              <div>&#160;</div>
            </td>
            <td style="border-top: 2px dotted #E46C0A; width: 98%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 2%;">&#160;</td>
            <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-style: italic;">PricewaterhouseCoopers LLP</div>
            <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-style: italic;">111 5 Avenue SW, Suite 3100, Calgary, Alberta, Canada T2P 5L3</div>
            <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-style: italic;">T: +1 403 509 7500, F: +1 403 781 1825, www.pwc.com/ca</div>
            <div style="line-height: 1.25;"><br style="line-height: 1.25;">
            </div>
            <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">&#8220;PwC&#8221; refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership.</div>
            <td rowspan="1" style="width: 98%;">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25; margin-bottom: 12pt;">
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="line-height: 1.25; margin-bottom: 12pt;"></div>
  </div>
</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>4
<FILENAME>eh200120994_ex2302.htm
<DESCRIPTION>EXHIBIT 23.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Paul Weiss
         Document created using EDGARfilings PROfile 7.1.0.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <font style="font-family: Arial;"> </font>
  <div>
    <div style="line-height: 1.25;"><font style="font-family: Arial;"></font></div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold; text-align: right;">EXHIBIT 23.2</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><font style="font-family: Arial;"><img src="kpmg.jpg"></font>
        <div style="font-family: Arial;"><br>
        </div>
        <div>
          <div style="line-height: 1.25; font-family: Arial; font-size: 8pt; margin-left: 63pt;">KPMG LLP</div>
          <div style="line-height: 1.25; font-family: Arial; font-size: 8pt; margin-left: 63pt;">205 5th Avenue SW</div>
          <div style="line-height: 1.25; font-family: Arial; font-size: 8pt; margin-left: 63pt;">Suite 3100</div>
          <div style="line-height: 1.25; font-family: Arial; font-size: 8pt; margin-left: 63pt;">Calgary AB&#160; T2P 4B9</div>
          <div style="line-height: 1.25; font-family: Arial; font-size: 8pt; margin-left: 63pt;">Tel (403) 691-8000</div>
          <div style="line-height: 1.25; font-family: Arial; font-size: 8pt; margin-left: 63pt;">Fax (403) 691-8008</div>
          <div style="line-height: 1.25; font-family: Arial; font-size: 8pt; margin-left: 63pt;">www.kpmg.ca</div>
        </div>
      </div>
      <div style="margin: 10pt 0px 0px; line-height: 1.25; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold; text-align: center;"> <br>
      </div>
      <div style="margin: 10pt 0px 0px; line-height: 1.25; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold; text-align: center;">Consent of Independent Registered Public Accounting Firm</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><font style="font-family: Arial;"><br style="line-height: 1.25;">
        </font> </div>
      <div style="line-height: 1.25; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', Times, serif;">
        <div style="line-height: 1.25; font-family: Arial;">We consent to the use of our report dated February 26, 2020, with respect to the consolidated balance sheets of Husky Energy Inc. as of December 31, 2019 and 2018, the related consolidated
          statements of income (loss), comprehensive income (loss), changes in shareholders' equity, and cash flows for the years then ended, and the related notes, incorporated by reference in this Registration Statement on Form S-8. Our report on the
          consolidated financial statements refers to a change in the accounting for leases on adoption of IFRS 16.</div>
      </div>
    </div>
    <div style="line-height: 1.25; font-family: Arial;">&#160;</div>
    <div style="line-height: 1.25;"><font style="font-family: Arial;"><br style="line-height: 1.25;">
      </font> </div>
    <div style="line-height: 1.25; font-family: Arial;">/s/ KPMG LLP</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><font style="font-family: Arial;"><br style="line-height: 1.25;">
        </font> </div>
      <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: Arial;">Chartered Professional Accountants</div>
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial;">January 4, 2021<br>
        </font> </div>
      <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: Arial;">Calgary, Canada</div>
    </div>
    <div style="line-height: 1.25; margin-bottom: 12pt;"><font style="font-family: Arial;"><br style="line-height: 1.25;">
      </font> </div>
  </div>
  <div>
    <div style="font-family: Arial; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(170, 170, 170); font-size: 8pt; font-style: normal; font-variant: normal; text-transform: none;">
      <div style="line-height: 1.25;">&#169; 2020 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by
        guarantee. All rights reserved.</div>
    </div>
    <font style="font-family: Arial;"><br style="line-height: 1.25;">
    </font>
    <div style="line-height: 1.25; margin-bottom: 12pt;">
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
  </div>
  <font style="font-family: Arial;"> </font>
</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.3
<SEQUENCE>5
<FILENAME>eh200120994_ex2303.htm
<DESCRIPTION>EXHIBIT 23.3
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Paul Weiss
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  <div>
    <div style="text-align: right; font-weight: bold;">EXHIBIT 23.3</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold; text-align: right;"> <br>
    </div>
    <div style="line-height: 1.25;"><img src="mclogo.jpg"></div>
    <div style="line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CONSENT OF INDEPENDENT PETROLEUM ENGINEER</div>
      <div style="line-height: 1.25; margin-bottom: 12pt;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">We hereby consent to the&#160;incorporation by reference, in this Registration Statement of Cenovus Energy Inc. (the
        &#8220;Registrant&#8221;) on Form S-8 (the &#8220;Registration Statement&#8221;), of our report evaluating a portion of the Registrant&#8217;s oil and gas reserves data, including estimates of proved reserves and probable reserves and related future net revenue as at December
        31, 2019, estimated using forecast prices and costs, and the information derived from our report, as incorporated by reference in the Registration Statement.</div>
      <div style="line-height: 1.25; margin-bottom: 6pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
      </div>
      <div style="line-height: 1.25; margin-bottom: 6pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">McDANIEL &amp; ASSOCIATES CONSULTANTS LTD.</div>
      <div style="line-height: 1.25; font-weight: 400;"> <br>
      </div>
      <table style="border-collapse: collapse; width: 40%; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z7cf241ae32844c95a188a157b27411e6" border="0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 100%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">/s/ Michael J. Verney</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Michael J. Verney, P. Eng.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Executive Vice President</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Calgary, Alberta</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">January 4, 2021<br>
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <br>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <hr style="height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); text-align: center; margin-left: auto; margin-right: auto; border: medium none;" align="center" noshade="noshade"></div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.4
<SEQUENCE>6
<FILENAME>eh200120994_ex2304.htm
<DESCRIPTION>EXHIBIT 23.4
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Paul Weiss
         Document created using EDGARfilings PROfile 7.1.0.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div><br>
  </div>
  <div>
    <div style="text-align: right; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">EXHIBIT 23.4</div>
    <div style="line-height: 1.25;"><img src="gljlogo.jpg"></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CONSENT OF INDEPENDENT PETROLEUM ENGINEER</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif;">We hereby consent to the incorporation by reference, in this Registration Statement of Cenovus Energy Inc. (the &#8220;Registrant&#8221;) on
      Form S-8 (the &#8220;Registration Statement&#8221;), of the report of our firm, GLJ Ltd. (f/k/a GLJ Petroleum Consultants Ltd.) evaluating a portion of the Registrant&#8217;s oil and gas reserves data, including estimates of proved reserves and probable reserves and
      related future net revenue as at December 31, 2019, estimated using forecast prices and costs, and the information derived from our report, as incorporated by reference in the Registration Statement.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z1fad37fd810d4b0bb174511936d62985" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Yours truly,</div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">GLJ LTD.</div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">/s/ Jodi L. Anhorn<br>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">Jodi L. Anhorn, M.Sc., P.Eng.</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">President and Chief Executive Officer</div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Calgary, Alberta</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">January 4, 2021<br>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.5
<SEQUENCE>7
<FILENAME>eh200120994_ex2305.htm
<DESCRIPTION>EXHIBIT 23.5
<TEXT>
<html>
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    <title></title>
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<body style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div><br>
  </div>
  <div>
    <div style="line-height: 1.25;">
      <div style="text-align: right; line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXHIBIT 23.5</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Consent of Independent Engineers</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; margin-top: 6pt; color: #000000; font-family: 'Times New Roman', Times, serif;">We refer to our report auditing estimates of the conventional natural gas, natural gas liquids and oil reserves attributable to Husky
        Energy Inc. as of December&#160;31, 2019 (the &#8220;Report&#8221;).</div>
      <div style="line-height: 1.25; margin-top: 6pt; color: #000000; font-family: 'Times New Roman', Times, serif;">We hereby consent to the use of and reference to the Report incorporated by reference in this Registration Statement on Form S-8.</div>
    </div>
    <div style="line-height: 1.25;">
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      <div style="line-height: 1.25; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', Times, serif;">Sincerely,</div>
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            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Sproule Associates Limited</div>
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        <tr>
          <td style="width: 40%; vertical-align: middle;">&#160;</td>
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            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">/s/ Cameron P. Six<br>
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            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Cameron P. Six, P. Eng.<br>
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            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Senior Petroleum Engineer<br>
            </div>
          </td>
          <td colspan="1" style="width: 60%; vertical-align: top;">&#160;</td>
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      <div style="line-height: 1.25; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', Times, serif;">January 4, 2021<br>
      </div>
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    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif;">Calgary, Alberta, Canada</div>
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