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<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>As filed with the Securities and Exchange Commission on November&nbsp;27, 2009</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 3pt"><B>Registration No.&nbsp;333-</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 3pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CENOVUS ENERGY INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center">
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    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Canada</B><BR>
(State or other jurisdiction of incorporation or <BR>
organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Not Applicable</B><BR>
(IRS Employer<BR>
Identification No.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>4000, 421-7th Avenue S.W. <BR>
P.O. Box 766<BR>
Calgary, Alberta, Canada<BR>
(403)&nbsp;766-2000</B><BR>
(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="BOTTOM"><B>T2P 4K9</B><BR>
(Zip Code)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Cenovus Energy Inc. Employee Stock Option Plan</B><BR>
(Full title of the plan)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CT Corporation System<BR>
111-8</B><SUP style="font-size: 85%; vertical-align: text-top"><B>th</B></SUP> <B>Avenue, New York, New York 10011</B><BR>
(Name and address of agent for service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>(212)&nbsp;894-8641</B><BR>
(Telephone number, including area code, of agent for service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">COPIES TO:</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR style="font-size: 2pt" valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Kerry D. Dyte <BR>
Cenovus Energy Inc. <BR>
4000, 421-7th Avenue S.W. <BR>
P.O. Box 766<BR>
Calgary, Alberta, Canada T2P 4K9<BR>
(403)&nbsp;766-2000</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="BOTTOM"><B>Andrew J. Foley<BR>
Paul, Weiss, Rifkind, Wharton &#038; Garrison LLP<BR>
1285 Avenue of the Americas<BR>
New York, New York 10019-6064<BR>
(212)&nbsp;373-3000</B></TD>
</TR>
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</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in <br>Rule&nbsp;12b-2 of the Exchange Act.
</DIV>


<TABLE width="100%" style="font-size: 10pt; margin-top: 6pt">
<TR valign="top">
<TD>Large accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT></TD>
<TD align="center">Accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
<TD align="center">Non-accelerated filer&nbsp;<FONT face="Wingdings">&#254;</FONT><BR>
(Do not check if a smaller reporting company)</TD>
<TD align="right">Smaller reporting company&nbsp;<FONT face="Wingdings">&#111;</FONT></TD>
</TR>
</TABLE>


<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><B>CALCULATION OF REGISTRATION FEE</B></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR style="font-size: 3pt" valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="CENTER">Title of</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price Per</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Aggregate Offering</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="CENTER">Securities to be Registered(1)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registered (2)(3)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Share (4)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Price(4)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registration Fee</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

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    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common shares, no par value
(together with associated
common share purchase rights)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">6,000,000</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$25.40</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$152,400,000</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$8,504</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 3pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>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.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>This Registration Statement shall, in accordance with Rule&nbsp;416 under the Securities Act of
1933 (the &#147;Securities Act&#148;), as amended, be deemed to cover such additional shares as may be
issued pursuant to the anti-dilution provisions of the Cenovus Energy Inc. Employee Stock
Option Plan or to otherwise prevent dilution resulting from stock splits, stock dividends or
similar transactions.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents the maximum number of shares which may be issued under the Cenovus Energy Inc.
Employee Stock Option Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>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 in the &#147;when issued&#148; trading market as reported on the New York Stock Exchange
on November 20, 2009.</TD>
</TR>

</TABLE>




<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 1pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenovus Energy Inc. (the &#147;Registrant&#148;) has prepared this Registration Statement in accordance
with the requirements of Form S-8 under the Securities Act of 1933, as amended, or the &#147;Securities
Act,&#148; to register 6,000,000 common shares, no par value, which we refer to as the &#147;common shares,&#148;
that are reserved for issuance upon exercise of options or in respect of awards to be granted,
under the Cenovus Energy Inc. Employee Stock Option Plan, which we refer to as the &#147;Plan,&#148; together
with any common share purchase rights that are carried and traded with the common shares of the
Registrant.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. Plan Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The document(s) containing the information specified in Part&nbsp;I of Form S-8 will be sent or
given to participants in the Plan as specified by Rule&nbsp;428(b)(1) under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2. Registrant Information and Employee Plan Annual Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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&nbsp;3 of Part&nbsp;II of this Registration Statement, as required by Item&nbsp;2 of Part&nbsp;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&nbsp;428(b). Requests should be directed to Cenovus Energy Inc., 4000,
421-7th Avenue S.W., P.O. Box 766, Calgary, Alberta, Canada T2P 4K9, Attention: Secretary;
Telephone number (403)&nbsp;766-2000.
</DIV>

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</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registration Statement of the Registrant on Form 40-F, filed with the Securities and
Exchange Commission (the &#147;Commission&#148;) on October&nbsp;29, 2009 (the &#147;Form&nbsp;40-F&#148;), containing the
audited Carve-Out Consolidated Financial Statements of Cenovus Energy as at December&nbsp;31, 2008 and
December&nbsp;31, 2007 and for each of the years in the three year period ended December&nbsp;31, 2008 and
unaudited Carve-Out Consolidated Financial Statements of Cenovus Energy as at June&nbsp;30, 2009 and
December&nbsp;31, 2008, and for the three and six month periods ended June&nbsp;30, 2008 and June&nbsp;30, 2009
and management&#146;s discussion and analysis thereon and a description of the Registrant&#146;s common
shares and common share purchase rights is hereby incorporated by reference in this Registration
Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all reports and documents subsequently filed by the Registrant pursuant to
Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended 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. 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 align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;Subject to section 124 of the Canada Business Corporations Act (the &#147;CBCA&#148;), except in
respect of an action by or on behalf of the Registrant or other entity to procure a judgment in its
favour, 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&#146;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,
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">criminal, administrative, investigative or other proceeding in which the individual is
involved because of that association with the Registrant or other entity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;The Registrant may advance moneys to a director, officer or other individual for the
costs, charges and expenses of a proceeding referred to in paragraph (1). The individual shall
repay the moneys if the individual does not fulfill the conditions of paragraph (3).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;The Registrant may not indemnify an individual under paragraph (1)&nbsp;unless the individual:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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&#146;s request; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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&#146;s
conduct was lawful.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;The Registrant may, with the approval of a court, indemnify an individual referred to in
paragraph (1), or advance moneys under paragraph (2), in respect of an action by or on behalf of
the Registrant or other entity to procure a judgment in its favour, to which the individual is made
a party because of the individual&#146;s association with the Registrant or other entity as described in
paragraph (1)&nbsp;against all costs, charges and expenses reasonably incurred by the individual in
connection with such action, if the individual fulfills the conditions set out in paragraph (3).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">EXHIBIT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">DESCRIPTION</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Shareholder Rights Plan Agreement, dated October&nbsp;20, 2009,
between 7050372 Canada Inc. and CIBC Mellon Trust Company
(incorporated by reference to Exhibit&nbsp;99.10 to the Form&nbsp;40-F
filed with the Securities and Exchange Commission on October&nbsp;29,
2009) (File No.1-34513).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Bennett Jones LLP, Canadian counsel to the Registrant
regarding the legality of the common shares.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenovus Energy Inc. Employee Stock Option Plan.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenovus Energy Inc. Form of Stock Option Agreement (new options).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenovus Energy Inc. Form of Replacement Stock Option Agreement
(replacement options with SARs granted in exchange for EnCana
Corporation options dated in 2005 and 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenovus Energy Inc. Form of Replacement Stock Option Agreement
(replacement options with TSARs granted in exchange for EnCana
Corporation options dated in 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of McDaniel &#038; Associates Consultants Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of GLJ Petroleum Consultants Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of DeGolyer and MacNaughton.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Netherland, Sewell &#038; Associates, Inc.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Bennett Jones LLP, Canadian counsel to the Registrant
(included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature pages to this
Registration Statement).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notice of Special Meeting of Shareholders and Information
Circular Relating to an Arrangement Involving Cenovus Energy
Inc. (the &#147;Information Circular&#148;) (incorporated by reference to
the Form&nbsp;6-K of EnCana Corporation filed with the Securities and
Exchange Commission on October&nbsp;29, 2009) (File No.&nbsp;1-15266).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form of EnCana Corporation for the fiscal
year ended December&nbsp;31, 2008 (incorporated by reference to the
Form&nbsp;40-F of EnCana Corporation filed with the Securities and
Exchange Commission on February&nbsp;20, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">EXHIBIT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">DESCRIPTION</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of EnCana Corporation as at
December&nbsp;31, 2008 and December&nbsp;31, 2007 and for each of the
years in the three year period ended December&nbsp;31, 2008
(incorporated by reference to the Form&nbsp;40-F of EnCana
Corporation filed with the Securities and Exchange Commission on
February&nbsp;20, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consolidated Financial Statements of EnCana Corporation as at
December&nbsp;31, 2008 and December&nbsp;31, 2007 and for each of the
years in the three year period ended December&nbsp;31, 2008 (<I>Note 23
to the Consolidated Financial Statements relates to United
States Accounting Principles and Reporting (U.S. GAAP))</I>
(incorporated by reference to the Form&nbsp;40-F of EnCana
Corporation filed with the Securities and Exchange Commission on
February&nbsp;20, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consolidated Financial Statements of EnCana Corporation as at
June&nbsp;30, 2009, and for the three and six month periods ended
June&nbsp;30, 2008 and June&nbsp;30, 2009 (incorporated by reference to
Exhibit&nbsp;99.1 to the Form&nbsp;6-K of EnCana Corporation filed on July
27, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of EnCana Corporation as at
June&nbsp;30, 2009, and for the three and six month periods ended
June&nbsp;30, 2008 and June&nbsp;30, 2009 (incorporated by reference to
Exhibit&nbsp;99.2 to the Form&nbsp;6-K of EnCana Corporation filed on July
27, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information Circular of EnCana Corporation dated February&nbsp;28,
2009 with respect to the annual meeting of EnCana Corporation
shareholders held on April&nbsp;22, 2009 (incorporated by reference
to Exhibit&nbsp;99.1 to the Form&nbsp;6-K of EnCana Corporation filed on
March&nbsp;25, 2008) (File No.&nbsp;1-15226).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned Registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post- effective
amendment to this Registration Statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of
1933;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">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 &#147;Calculation of Registration Fee&#148; table in the effective Registration
Statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided, however, that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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&nbsp;13
or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference
in the Registration Statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act of
1933, 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; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining liability
under the Securities Act of 1933, each filing of the Registrant&#146;s annual report pursuant to Section
13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the 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 align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 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 of 1933 and will
be governed by the final adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 November 27, 2009.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>CENOVUS ENERGY INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/  Kerry D. Dyte
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Kerry D. Dyte&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below constitutes and appoints Brian C. Ferguson, Ivor M.
Ruste and Kerry D. Dyte as such person&#146;s true and lawful attorneys-in-fact and agents, with full
power of substitution and revocation, for such person and in such person&#146;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 align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated effective
November 27, 2009:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="57%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<tr>
<td>&nbsp;</td>
</tr>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Brian C. Ferguson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Director (Principal Executive Officer)</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Brian C. Ferguson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ivor M. Ruste
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer </TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ivor M. Ruste
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Principal Financial and Accounting Officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ William A. Stevenson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William A. Stevenson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Wayne R. Thomas
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Wayne R. Thomas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AUTHORIZED REPRESENTATIVE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 November 27, 2009.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CENOVUS MARKETING (USA)&nbsp;INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/&nbsp;&nbsp;Rachel L. Desroches&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Rachel L. Desroches&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Assistant Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INDEX TO EXHIBITS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">EXHIBIT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">DESCRIPTION</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Shareholder Rights Plan Agreement, dated October&nbsp;20, 2009,
between 7050372 Canada Inc. and CIBC Mellon Trust Company
(incorporated by reference to Exhibit&nbsp;99.10 to the Form&nbsp;40-F
filed with the Securities and Exchange Commission on October&nbsp;29,
2009) (File No.1-34513).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Bennett Jones LLP, Canadian counsel to the Registrant
regarding the legality of the common shares.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenovus Energy Inc. Employee Stock Option Plan.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenovus Energy Inc. Form of Stock Option Agreement (new options).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenovus Energy Inc. Form of Replacement Stock Option Agreement
(replacement options with SARs granted in exchange for EnCana
Corporation options dated in 2005 and 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenovus Energy Inc. Form of Replacement Stock Option Agreement
(replacement options with TSARs granted in exchange for EnCana
Corporation options dated in 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of McDaniel &#038; Associates Consultants Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of GLJ Petroleum Consultants Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of DeGolyer and MacNaughton.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Netherland, Sewell &#038; Associates, Inc.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Bennett Jones LLP, Canadian counsel to the Registrant
(included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature pages to this
Registration Statement).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notice of Special Meeting of Shareholders and Information
Circular Relating to an Arrangement Involving Cenovus Energy
Inc. (the &#147;Information Circular&#148;) (incorporated by reference to
the Form&nbsp;6-K of EnCana Corporation filed with the Securities and
Exchange Commission on October&nbsp;29, 2009) (File No.&nbsp;1-15266).</TD>
</TR>
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</DIV>


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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">EXHIBIT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">DESCRIPTION</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form of EnCana Corporation for the fiscal
year ended December&nbsp;31, 2008 (incorporated by reference to the
Form&nbsp;40-F of EnCana Corporation filed with the Securities and
Exchange Commission on February&nbsp;20, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of EnCana Corporation as at
December&nbsp;31, 2008 and December&nbsp;31, 2007 and for each of the
years in the three year period ended December&nbsp;31, 2008
(incorporated by reference to the Form&nbsp;40-F of EnCana
Corporation filed with the Securities and Exchange Commission on
February&nbsp;20, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consolidated Financial Statements of EnCana Corporation as at
December&nbsp;31, 2008 and December&nbsp;31, 2007 and for each of the
years in the three year period ended December&nbsp;31, 2008 (<I>Note 23
to the Consolidated Financial Statements relates to United
States Accounting Principles and Reporting (U.S. GAAP))</I>
(incorporated by reference to the Form&nbsp;40-F of EnCana
Corporation filed with the Securities and Exchange Commission on
February&nbsp;20, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consolidated Financial Statements of EnCana Corporation as at
June&nbsp;30, 2009, and for the three and six month periods ended
June&nbsp;30, 2008 and June&nbsp;30, 2009 (incorporated by reference to
Exhibit&nbsp;99.1 to the Form&nbsp;6-K of EnCana Corporation filed on July
27, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management&#146;s Discussion and Analysis of EnCana Corporation as at
June&nbsp;30, 2009, and for the three and six month periods ended
June&nbsp;30, 2008 and June&nbsp;30, 2009 (incorporated by reference to
Exhibit&nbsp;99.2 to the Form&nbsp;6-K of EnCana Corporation filed on July
27, 2009) (File No.&nbsp;1-15226).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information Circular of EnCana Corporation dated February&nbsp;28,
2009 with respect to the annual meeting of EnCana Corporation
shareholders held on April&nbsp;22, 2009 (incorporated by reference
to Exhibit&nbsp;99.1 to the Form&nbsp;6-K of EnCana Corporation filed on
March&nbsp;25, 2008) (File No.&nbsp;1-15226).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
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</HTML>
[{"type": "S-8", "sequence": "1", "filename": "o57997sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 63087}]
{"company-data": {"conformed-name": "CENOVUS ENERGY INC.", "cik": "0001475260", "assigned-sic": "1311", "irs-number": "980634412", "state-of-incorporation": "A0", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-163397", "film-number": "091210539"}, "business-address": {"street1": "421-7TH AVENUE S.W.", "street2": "P.O. BOX 766", "city": "CALGARY", "state": "A0", "zip": "T2P 0M5", "phone": "403-766-2000"}, "mail-address": {"street1": "421-7TH AVENUE S.W.", "street2": "P.O. BOX 766", "city": "CALGARY", "state": "A0", "zip": "T2P 0M5"}}
sv8
As filed with the Securities and Exchange Commission on November 27, 2009
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
CENOVUS ENERGY INC.
(Exact name of Registrant as specified in its charter)
Canada
(State or other jurisdiction of incorporation or
organization)
Not Applicable
(IRS Employer
Identification No.)
4000, 421-7th Avenue S.W.
P.O. Box 766
Calgary, Alberta, Canada
(403) 766-2000
(Address of Principal Executive Offices)
T2P 4K9
(Zip Code)
Cenovus Energy Inc. Employee Stock Option Plan
(Full title of the plan)
CT Corporation System
111-8
th
Avenue, New York, New York 10011
(Name and address of agent for service)
(212) 894-8641
(Telephone number, including area code, of agent for service)
COPIES TO:
Kerry D. Dyte
Cenovus Energy Inc.
4000, 421-7th Avenue S.W.
P.O. Box 766
Calgary, Alberta, Canada T2P 4K9
(403) 766-2000
Andrew J. Foley
Paul, Weiss, Rifkind, Wharton & Garrison LLP
1285 Avenue of the Americas
New York, New York 10019-6064
(212) 373-3000
Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in
Rule 12b-2 of the Exchange Act.
Large accelerated filer
o
Accelerated filer
o
Non-accelerated filer
þ
(Do not check if a smaller reporting company)
Smaller reporting company
o
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Title of
Amount to be
Offering Price Per
Aggregate Offering
Amount of
Securities to be Registered(1)
Registered (2)(3)
Share (4)
Price(4)
Registration Fee
Common shares, no par value
(together with associated
common share purchase rights)
6,000,000
$25.40
$152,400,000
$8,504
(1)
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.
(2)
This Registration Statement shall, in accordance with Rule 416 under the Securities Act of
1933 (the "Securities Act"), as amended, be deemed to cover such additional shares as may be
issued pursuant to the anti-dilution provisions of the Cenovus Energy Inc. Employee Stock
Option Plan or to otherwise prevent dilution resulting from stock splits, stock dividends or
similar transactions.
(3)
Represents the maximum number of shares which may be issued under the Cenovus Energy Inc.
Employee Stock Option Plan.
(4)
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 in the "when issued" trading market as reported on the New York Stock Exchange
on November 20, 2009.
EXPLANATORY NOTE
Cenovus Energy Inc. (the "Registrant") has prepared this Registration Statement in accordance
with the requirements of Form S-8 under the Securities Act of 1933, as amended, or the "Securities
Act," to register 6,000,000 common shares, no par value, which we refer to as the "common shares,"
that are reserved for issuance upon exercise of options or in respect of awards to be granted,
under the Cenovus Energy Inc. Employee Stock Option Plan, which we refer to as the "Plan," together
with any common share purchase rights that are carried and traded with the common shares of the
Registrant.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information
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.
Item 2. Registrant Information and Employee Plan Annual Information
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., 4000,
421-7th Avenue S.W., P.O. Box 766, Calgary, Alberta, Canada T2P 4K9, Attention: Secretary;
Telephone number (403) 766-2000.
2
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The Registration Statement of the Registrant on Form 40-F, filed with the Securities and
Exchange Commission (the "Commission") on October 29, 2009 (the "Form 40-F"), containing the
audited Carve-Out Consolidated Financial Statements of Cenovus Energy as at December 31, 2008 and
December 31, 2007 and for each of the years in the three year period ended December 31, 2008 and
unaudited Carve-Out Consolidated Financial Statements of Cenovus Energy as at June 30, 2009 and
December 31, 2008, and for the three and six month periods ended June 30, 2008 and June 30, 2009
and management's discussion and analysis thereon and a description of the Registrant's common
shares and common share purchase rights is hereby incorporated by reference in this Registration
Statement.
In addition, all reports and documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended 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. 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.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
Not applicable.
Item 6. Indemnification of Directors and Officers
(1) Subject to section 124 of the Canada Business Corporations Act (the "CBCA"), except in
respect of an action by or on behalf of the Registrant or other entity to procure a judgment in its
favour, 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'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,
3
criminal, administrative, investigative or other proceeding in which the individual is
involved because of that association with the Registrant or other entity.
(2) The Registrant may advance moneys to a director, officer or other individual for the
costs, charges and expenses of a proceeding referred to in paragraph (1). The individual shall
repay the moneys if the individual does not fulfill the conditions of paragraph (3).
(3) The Registrant may not indemnify an individual under paragraph (1) unless the individual:
(a)
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's request; and
(b)
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's
conduct was lawful.
(4) The Registrant may, with the approval of a court, indemnify an individual referred to in
paragraph (1), or advance moneys under paragraph (2), in respect of an action by or on behalf of
the Registrant or other entity to procure a judgment in its favour, to which the individual is made
a party because of the individual's association with the Registrant or other entity as described in
paragraph (1) against all costs, charges and expenses reasonably incurred by the individual in
connection with such action, if the individual fulfills the conditions set out in paragraph (3).
Item 7. Exemption from Registration Claimed
Not applicable.
4
Item 8. Exhibits
EXHIBIT
DESCRIPTION
4.1
Shareholder Rights Plan Agreement, dated October 20, 2009,
between 7050372 Canada Inc. and CIBC Mellon Trust Company
(incorporated by reference to Exhibit 99.10 to the Form 40-F
filed with the Securities and Exchange Commission on October 29,
2009) (File No.1-34513).
5.1
Opinion of Bennett Jones LLP, Canadian counsel to the Registrant
regarding the legality of the common shares.
10.1
Cenovus Energy Inc. Employee Stock Option Plan.
10.2
Cenovus Energy Inc. Form of Stock Option Agreement (new options).
10.3
Cenovus Energy Inc. Form of Replacement Stock Option Agreement
(replacement options with SARs granted in exchange for EnCana
Corporation options dated in 2005 and 2006).
10.4
Cenovus Energy Inc. Form of Replacement Stock Option Agreement
(replacement options with TSARs granted in exchange for EnCana
Corporation options dated in 2007).
23.1
Consent of PricewaterhouseCoopers LLP.
23.2
Consent of McDaniel & Associates Consultants Ltd.
23.3
Consent of GLJ Petroleum Consultants Ltd.
23.4
Consent of DeGolyer and MacNaughton.
23.5
Consent of Netherland, Sewell & Associates, Inc.
23.6
Consent of Bennett Jones LLP, Canadian counsel to the Registrant
(included in Exhibit 5.1).
24.1
Powers of Attorney (included on the signature pages to this
Registration Statement).
99.1
Notice of Special Meeting of Shareholders and Information
Circular Relating to an Arrangement Involving Cenovus Energy
Inc. (the "Information Circular") (incorporated by reference to
the Form 6-K of EnCana Corporation filed with the Securities and
Exchange Commission on October 29, 2009) (File No. 1-15266).
99.2
Annual Information Form of EnCana Corporation for the fiscal
year ended December 31, 2008 (incorporated by reference to the
Form 40-F of EnCana Corporation filed with the Securities and
Exchange Commission on February 20, 2009) (File No. 1-15226).
5
EXHIBIT
DESCRIPTION
99.3
Management's Discussion and Analysis of EnCana Corporation as at
December 31, 2008 and December 31, 2007 and for each of the
years in the three year period ended December 31, 2008
(incorporated by reference to the Form 40-F of EnCana
Corporation filed with the Securities and Exchange Commission on
February 20, 2009) (File No. 1-15226).
99.4
Consolidated Financial Statements of EnCana Corporation as at
December 31, 2008 and December 31, 2007 and for each of the
years in the three year period ended December 31, 2008 (
Note 23
to the Consolidated Financial Statements relates to United
States Accounting Principles and Reporting (U.S. GAAP))
(incorporated by reference to the Form 40-F of EnCana
Corporation filed with the Securities and Exchange Commission on
February 20, 2009) (File No. 1-15226).
99.5
Consolidated Financial Statements of EnCana Corporation as at
June 30, 2009, and for the three and six month periods ended
June 30, 2008 and June 30, 2009 (incorporated by reference to
Exhibit 99.1 to the Form 6-K of EnCana Corporation filed on July
27, 2009) (File No. 1-15226).
99.6
Management's Discussion and Analysis of EnCana Corporation as at
June 30, 2009, and for the three and six month periods ended
June 30, 2008 and June 30, 2009 (incorporated by reference to
Exhibit 99.2 to the Form 6-K of EnCana Corporation filed on July
27, 2009) (File No. 1-15226).
99.7
Information Circular of EnCana Corporation dated February 28,
2009 with respect to the annual meeting of EnCana Corporation
shareholders held on April 22, 2009 (incorporated by reference
to Exhibit 99.1 to the Form 6-K of EnCana Corporation filed on
March 25, 2008) (File No. 1-15226).
Item 9. Undertakings
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post- effective
amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of
1933;
(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
6
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 "Calculation of Registration Fee" table in the effective Registration
Statement;
(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;
Provided, however, that:
(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 Securities Exchange Act of 1934 that are incorporated by reference
in the Registration Statement;
(2) That, for the purpose of determining any liability under the Securities Act of
1933, 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; and
(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.
(b) The undersigned Registrant hereby undertakes that, for purposes of determining liability
under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section
13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the 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.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 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 of 1933 and will
be governed by the final adjudication of such issue.
7
SIGNATURES
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 November 27, 2009.
CENOVUS ENERGY INC.
By:
/s/  Kerry D. Dyte
Name:
Kerry D. Dyte
Title:
Secretary
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Brian C. Ferguson, Ivor M.
Ruste and Kerry D. Dyte as such person's true and lawful attorneys-in-fact and agents, with full
power of substitution and revocation, for such person and in such person'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.
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated effective
November 27, 2009:
Signature
Title
/s/ Brian C. Ferguson
President and Director (Principal Executive Officer)
Brian C. Ferguson
/s/ Ivor M. Ruste
Chief Financial Officer
Ivor M. Ruste
(Principal Financial and Accounting Officer)
/s/ William A. Stevenson
Director
William A. Stevenson
/s/ Wayne R. Thomas
Director
Wayne R. Thomas
8
AUTHORIZED REPRESENTATIVE
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 November 27, 2009.
CENOVUS MARKETING (USA) INC.
By:
/s/  Rachel L. Desroches
Name:
Rachel L. Desroches
Title:
Assistant Secretary
9
INDEX TO EXHIBITS
EXHIBIT
DESCRIPTION
4.1
Shareholder Rights Plan Agreement, dated October 20, 2009,
between 7050372 Canada Inc. and CIBC Mellon Trust Company
(incorporated by reference to Exhibit 99.10 to the Form 40-F
filed with the Securities and Exchange Commission on October 29,
2009) (File No.1-34513).
5.1
Opinion of Bennett Jones LLP, Canadian counsel to the Registrant
regarding the legality of the common shares.
10.1
Cenovus Energy Inc. Employee Stock Option Plan.
10.2
Cenovus Energy Inc. Form of Stock Option Agreement (new options).
10.3
Cenovus Energy Inc. Form of Replacement Stock Option Agreement
(replacement options with SARs granted in exchange for EnCana
Corporation options dated in 2005 and 2006).
10.4
Cenovus Energy Inc. Form of Replacement Stock Option Agreement
(replacement options with TSARs granted in exchange for EnCana
Corporation options dated in 2007).
23.1
Consent of PricewaterhouseCoopers LLP.
23.2
Consent of McDaniel & Associates Consultants Ltd.
23.3
Consent of GLJ Petroleum Consultants Ltd.
23.4
Consent of DeGolyer and MacNaughton.
23.5
Consent of Netherland, Sewell & Associates, Inc.
23.6
Consent of Bennett Jones LLP, Canadian counsel to the Registrant
(included in Exhibit 5.1).
24.1
Powers of Attorney (included on the signature pages to this
Registration Statement).
99.1
Notice of Special Meeting of Shareholders and Information
Circular Relating to an Arrangement Involving Cenovus Energy
Inc. (the "Information Circular") (incorporated by reference to
the Form 6-K of EnCana Corporation filed with the Securities and
Exchange Commission on October 29, 2009) (File No. 1-15266).
10
EXHIBIT
DESCRIPTION
99.2
Annual Information Form of EnCana Corporation for the fiscal
year ended December 31, 2008 (incorporated by reference to the
Form 40-F of EnCana Corporation filed with the Securities and
Exchange Commission on February 20, 2009) (File No. 1-15226).
99.3
Management's Discussion and Analysis of EnCana Corporation as at
December 31, 2008 and December 31, 2007 and for each of the
years in the three year period ended December 31, 2008
(incorporated by reference to the Form 40-F of EnCana
Corporation filed with the Securities and Exchange Commission on
February 20, 2009) (File No. 1-15226).
99.4
Consolidated Financial Statements of EnCana Corporation as at
December 31, 2008 and December 31, 2007 and for each of the
years in the three year period ended December 31, 2008 (
Note 23
to the Consolidated Financial Statements relates to United
States Accounting Principles and Reporting (U.S. GAAP))
(incorporated by reference to the Form 40-F of EnCana
Corporation filed with the Securities and Exchange Commission on
February 20, 2009) (File No. 1-15226).
99.5
Consolidated Financial Statements of EnCana Corporation as at
June 30, 2009, and for the three and six month periods ended
June 30, 2008 and June 30, 2009 (incorporated by reference to
Exhibit 99.1 to the Form 6-K of EnCana Corporation filed on July
27, 2009) (File No. 1-15226).
99.6
Management's Discussion and Analysis of EnCana Corporation as at
June 30, 2009, and for the three and six month periods ended
June 30, 2008 and June 30, 2009 (incorporated by reference to
Exhibit 99.2 to the Form 6-K of EnCana Corporation filed on July
27, 2009) (File No. 1-15226).
99.7
Information Circular of EnCana Corporation dated February 28,
2009 with respect to the annual meeting of EnCana Corporation
shareholders held on April 22, 2009 (incorporated by reference
to Exhibit 99.1 to the Form 6-K of EnCana Corporation filed on
March 25, 2008) (File No. 1-15226).
11