XML 109 R74.htm IDEA: XBRL DOCUMENT v3.22.0.1
Share Capital and Warrants (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of classes of share capital [abstract]  
Summary of Share Capital
B) Issued and Outstanding – Common Shares
20212020
Number of
Common
Shares
(thousands)
Amount
Number of
Common
Shares
(thousands)
Amount
Outstanding, Beginning of Year1,228,87011,0401,228,82811,040
Issued Under the Arrangement, Net of Issuance Costs
   (Note 5A)
788,5186,111——
Issued Upon Exercise of Warrants3143——
Issued Under Stock Option Plans535742—
Purchase of Common Shares under NCIB(17,026)(145)——
Outstanding, End of Year2,001,21117,0161,228,87011,040
) Issued and Outstanding – Preferred Shares
As at December 31, 2021
Number of
Preferred
Shares
(thousands)
Amount
Outstanding, Beginning of Year——
Issued Under the Arrangement (Note 5A)36,000519
Outstanding, End of Year36,000519
As at December 31, 2021Dividend Reset DateDividend Rate
Number of Preferred Shares (thousands)
Series 1 First Preferred SharesMarch 31, 20262.58 %10,740
Series 2 First Preferred SharesMarch 31, 20261.86 %1,260
Series 3 First Preferred SharesDecember 31, 20244.69 %10,000
Series 5 First Preferred SharesMarch 31, 20254.59 %8,000
Series 7 First Preferred SharesJune 30, 20253.94 %6,000
) Issued and Outstanding – Warrants
As at December 31, 2021
Number of
Warrants
(thousands)
Amount
Outstanding, Beginning of Year——
Issued Under the Arrangement (Note 5A)65,433216
Exercised(314)(1)
Outstanding, End of Year65,119215
Disclosure of reserves within equity [text block]
Cenovus’s paid in surplus reflects the Company’s retained earnings prior to the split of Encana Corporation (“Encana”) under the plan of arrangement into two independent energy companies, Encana (now known as Ovintiv Inc.) and Cenovus (earnings prior to Encana split). In addition, paid in surplus includes stock-based compensation expense related to the Company’s NSRs discussed in Note 32 and the excess of the purchase price of common shares over their average carrying value for shares purchased under the NCIB.
Earnings Prior to Encana SplitStock-Based CompensationCommon SharesTotal
As at December 31, 20194,086291—4,377
Stock-Based Compensation Expense—14—14
As at December 31, 20204,086305—4,391
Stock-Based Compensation Expense—14—14
Purchase of Common Shares Under NCIB——(120)(120)
Common Shares Issued on Exercise of Stock Options—(1)—(1)
As at December 31, 20214,086318(120)4,284