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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 | CVE.WS | CNVEF | CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C

Energy Oil & Gas Integrated
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

Cenovus Energy Inc > What is with the 3% drop?
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Comment by downwithdotcom1on Jan 04, 2024 7:30pm
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Post# 35811557

RE:What is with the 3% drop?

RE:What is with the 3% drop?Finished near the lows of today..$21.90..multiple stories in play...EIA oil inventories draw higher than expected but both distillites and gasoline inventories saw way higher builds (in my opinion could be much about nothing-some tax considerations, holiday issues this week/end of year stuff). Naysayers of course jumped on this-sky is falling etc. 

I noticed another snippet from the net: 


U.S. Refiner Phillips 66 Discussing $3 bill non core refining asset Sale 

Everytime CVE talks 100% FCF debt threshold-they buy something pushing back this date again...spooked the market maybe??? dwdc


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