CENOVUS ENERGY INC

Ticker: CVE CUSIP: 15135U109 Class: COM

CANADA PENSION PLAN INVESTMENT BOARD's Holding History (CIK: 0001283718)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 8,038,441 Value ($000) $135,992 Avg Close $17.37 Range $16.40 - $18.75

Q3 2025

Shares 4,789,612 Value ($000) $81,306 Avg Close $15.61 Range $13.47 - $18.18

Q2 2025

Shares 15,521,050 Value ($000) $211,338 Avg Close $12.88 Range $10.13 - $15.07

Q1 2025

Shares 3,671,695 Value ($000) $51,038 Avg Close $14.15 Range $11.84 - $15.64

Q4 2024

Shares 6,498,242 Value ($000) $98,379 Avg Close $15.66 Range $13.92 - $18.09

Q3 2024

Shares 7,092,242 Value ($000) $118,751 Avg Close $17.91 Range $15.26 - $20.02

Q2 2024

Shares 4,610,779 Value ($000) $90,608 Avg Close $19.33 Range $17.37 - $20.86

Q1 2024

Shares 197,374 Value ($000) $3,950 Avg Close $16.19 Range $13.91 - $19.11

Q4 2023

Shares 2,680,956 Value ($000) $44,893 Avg Close $17.25 Range $14.63 - $20.11

Q3 2023

Shares 2,801,856 Value ($000) $58,607 Avg Close $17.90 Range $15.50 - $19.99

Q2 2023

Shares 2,504,256 Value ($000) $42,581 Avg Close $15.70 Range $13.93 - $17.90

Q1 2023

Shares 2,504,256 Value ($000) $43,633 Avg Close $17.02 Range $13.94 - $19.50

Q4 2022

Shares 1,687,766 Value ($000) $32,723 Avg Close $17.67 Range $14.83 - $20.38

Q3 2022

Shares 1,811,766 Value ($000) $27,979 Avg Close $16.27 Range $13.27 - $18.29

Q2 2022

Shares 114,410 Value ($000) $2,172 Avg Close $18.15 Range $14.44 - $22.71

Q1 2022

Shares 2,883,410 Value ($000) $48,109 Avg Close $13.81 Range $11.17 - $15.69

Q4 2021

Shares 10 Value ($000) $0 Avg Close $10.88 Range $9.07 - $12.24

Q3 2021

Shares 900,010 Value ($000) $9,072 Avg Close $7.74 Range $6.53 - $9.34

Q2 2021

Shares 4,034,010 Value ($000) $38,636 Avg Close $7.67 Range $6.48 - $9.56

Q1 2021

Shares 3,990,010 Value ($000) $29,968 Avg Close $6.35 Range $5.02 - $7.75

Q4 2020

Shares 1,315,652 Value ($000) $8,003 Avg Close $4.22 Range $2.85 - $5.83

Q2 2020

Shares 2,036,097 Value ($000) $9,493 Avg Close $3.47 Range $1.61 - $5.27

Q1 2020

Shares 2,188,697 Value ($000) $4,367 Avg Close $6.25 Range $1.27 - $9.37

Q4 2019

Shares 5,766,100 Value ($000) $58,695 Avg Close $8.04 Range $7.10 - $9.12

Q3 2019

Shares 244,289 Value ($000) $2,293 Avg Close $8.02 Range $7.11 - $9.58

Q3 2018

Shares 872 Value ($000) $9 Avg Close $8.51 Range $7.18 - $9.83

Q2 2018

Shares 792,686 Value ($000) $8,225 Avg Close $8.74 Range $7.09 - $9.95

Q1 2018

Shares 1,444,419 Value ($000) $12,290 Avg Close $7.61 Range $6.12 - $9.59

Q4 2017

Shares 1,444,419 Value ($000) $13,234 Avg Close $8.35 Range $7.26 - $9.90

Q3 2017

Shares 1,444,419 Value ($000) $14,448 Avg Close $7.01 Range $5.90 - $9.19

Q2 2017

Shares 1,444,419 Value ($000) $10,633 Avg Close $7.91 Range $5.78 - $9.75

Q1 2017

Shares 786,655 Value ($000) $8,877 Avg Close $11.42 Range $9.47 - $13.20

Q4 2016

Shares 786,655 Value ($000) $11,908 Avg Close $12.76 Range $11.32 - $14.25

Q3 2016

Shares 9,810 Value ($000) $141 Avg Close $12.07 Range $10.95 - $13.28

Q2 2016

Shares 9,810 Value ($000) $135 Avg Close $12.21 Range $10.32 - $13.96

Q1 2016

Shares 9,810 Value ($000) $128 Avg Close $10.06 Range $7.65 - $11.77

Q4 2015

Shares 203,629 Value ($000) $2,565 Avg Close $12.31 Range $10.17 - $14.35

Q3 2015

Shares 371,729 Value ($000) $5,612 Avg Close $11.67 Range $9.78 - $13.18

Q2 2015

Shares 371,729 Value ($000) $5,948 Avg Close $14.23 Range $12.89 - $16.07

Q1 2015

Shares 371,729 Value ($000) $6,263 Avg Close $14.89 Range $13.27 - $17.00

Q4 2014

Shares 323,429 Value ($000) $6,693 Avg Close $18.35 Range $12.97 - $21.37

Q3 2014

Shares 202,829 Value ($000) $5,468 Avg Close $24.11 Range $21.12 - $25.74

Q2 2014

Shares 16,172 Value ($000) $525 Avg Close $23.30 Range $22.17 - $25.58

Q1 2014

Shares 92,248 Value ($000) $2,672 Avg Close $20.74 Range $19.78 - $22.65

Q4 2013

Shares 251,620 Value ($000) $7,199 Avg Close $22.44 Range $21.39 - $23.33

Q3 2013

Shares 341,320 Value ($000) $10,207 Avg Close $22.60 Range $21.37 - $24.11

Q2 2013

Shares 60,217 Value ($000) $1,712 Avg Close $22.39 Range $20.79 - $23.90

Q1 2013

Shares 17 Value ($000) $1 Avg Close $24.53 Range $23.15 - $25.92

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	8,038,441	$135,992	$17.37	$16.40 - $18.75
Q3 2025	4,789,612	$81,306	$15.61	$13.47 - $18.18
Q2 2025	15,521,050	$211,338	$12.88	$10.13 - $15.07
Q1 2025	3,671,695	$51,038	$14.15	$11.84 - $15.64
Q4 2024	6,498,242	$98,379	$15.66	$13.92 - $18.09
Q3 2024	7,092,242	$118,751	$17.91	$15.26 - $20.02
Q2 2024	4,610,779	$90,608	$19.33	$17.37 - $20.86
Q1 2024	197,374	$3,950	$16.19	$13.91 - $19.11
Q4 2023	2,680,956	$44,893	$17.25	$14.63 - $20.11
Q3 2023	2,801,856	$58,607	$17.90	$15.50 - $19.99
Q2 2023	2,504,256	$42,581	$15.70	$13.93 - $17.90
Q1 2023	2,504,256	$43,633	$17.02	$13.94 - $19.50
Q4 2022	1,687,766	$32,723	$17.67	$14.83 - $20.38
Q3 2022	1,811,766	$27,979	$16.27	$13.27 - $18.29
Q2 2022	114,410	$2,172	$18.15	$14.44 - $22.71
Q1 2022	2,883,410	$48,109	$13.81	$11.17 - $15.69
Q4 2021	10	$0	$10.88	$9.07 - $12.24
Q3 2021	900,010	$9,072	$7.74	$6.53 - $9.34
Q2 2021	4,034,010	$38,636	$7.67	$6.48 - $9.56
Q1 2021	3,990,010	$29,968	$6.35	$5.02 - $7.75
Q4 2020	1,315,652	$8,003	$4.22	$2.85 - $5.83
Q2 2020	2,036,097	$9,493	$3.47	$1.61 - $5.27
Q1 2020	2,188,697	$4,367	$6.25	$1.27 - $9.37
Q4 2019	5,766,100	$58,695	$8.04	$7.10 - $9.12
Q3 2019	244,289	$2,293	$8.02	$7.11 - $9.58
Q3 2018	872	$9	$8.51	$7.18 - $9.83
Q2 2018	792,686	$8,225	$8.74	$7.09 - $9.95
Q1 2018	1,444,419	$12,290	$7.61	$6.12 - $9.59
Q4 2017	1,444,419	$13,234	$8.35	$7.26 - $9.90
Q3 2017	1,444,419	$14,448	$7.01	$5.90 - $9.19
Q2 2017	1,444,419	$10,633	$7.91	$5.78 - $9.75
Q1 2017	786,655	$8,877	$11.42	$9.47 - $13.20
Q4 2016	786,655	$11,908	$12.76	$11.32 - $14.25
Q3 2016	9,810	$141	$12.07	$10.95 - $13.28
Q2 2016	9,810	$135	$12.21	$10.32 - $13.96
Q1 2016	9,810	$128	$10.06	$7.65 - $11.77
Q4 2015	203,629	$2,565	$12.31	$10.17 - $14.35
Q3 2015	371,729	$5,612	$11.67	$9.78 - $13.18
Q2 2015	371,729	$5,948	$14.23	$12.89 - $16.07
Q1 2015	371,729	$6,263	$14.89	$13.27 - $17.00
Q4 2014	323,429	$6,693	$18.35	$12.97 - $21.37
Q3 2014	202,829	$5,468	$24.11	$21.12 - $25.74
Q2 2014	16,172	$525	$23.30	$22.17 - $25.58
Q1 2014	92,248	$2,672	$20.74	$19.78 - $22.65
Q4 2013	251,620	$7,199	$22.44	$21.39 - $23.33
Q3 2013	341,320	$10,207	$22.60	$21.37 - $24.11
Q2 2013	60,217	$1,712	$22.39	$20.79 - $23.90
Q1 2013	17	$1	$24.53	$23.15 - $25.92