Bullboard - Stock Discussion Forum 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

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.... see more

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TSX:CVE - Post Discussion

Cenovus Energy Inc > No Explanation for Decline

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Post by retiredcf on Nov 09, 2023 12:46pm

No Explanation for Decline

No one can explain the oil selloff, demand is not the issue: Eric Nuttall

Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to discuss why the price of crude is below US$80/bbl. He reminds the audience that demand for crude continues to grow. Furthermore, he discusses earnings from Suncor, calling quarterly profit 'phenomenal'. Additionally, he looks at consolidation in Canada's energy sector with Crescent Point buying Hammerhead.

https://www.bnnbloomberg.ca/video/no-one-can-explain-the-oil-selloff-demand-is-not-the-issue-eric-nuttall~2804025

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