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Cenovus Energy Inc T.CVE.WT


Primary Symbol: T.CVE Alternate Symbol(s):  T.CVE.PR.E | T.CVE.PR.G | CNVEF | CVE.WS | CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Post by retiredcfon Oct 11, 2023 11:20am
261 Views
Post# 35678732

Greg Newman

Greg NewmanAs can be seen, Greg Nwman was on BNN this morning but BNN only posted one of his links.  The one that I wanted came later when he took callers from viewers. Almost all of them related to energy and here's a summary. 

1. NG should do well. TOU is the "gold standard" company  in the sector but ARX is a cheaper alternative.

2. He likes BTE. It is cheaper than its peers and after previously having debt issues, it has really cleaned things up and its balance sheet is now "in good shape".

3. He also likes CVE which has an "excellent balance sheet". 

Greg Newman, portfolio manager and senior wealth advisor at Scotia Wealth Management, joins BNN Bloomberg to discuss how to use defensively put and call options. 

https://www.bnnbloomberg.ca/video/how-to-use-put-and-call-options-to-gain-income-and-lower-risk~2784167
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