Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE.WT

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

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 > Ink Research

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Post by retiredcf on Jun 07, 2024 8:37am

Ink Research

With crude oil tumbling following the weekend OPEC+ meeting which laid out a framework for the reduction of some voluntary production cuts, we have been looking to see if Canadian oil patch insiders would be buying the dip. Today, two names have come across our screens. Integrated giant Cenovus (CVE) is up 7.8% since we last featured it here on March 12th. The stock took it on the chin on Monday, falling 6.1% on the OPEC+ news, and we have seen three insiders buying the pullback. In Q1, Cenovus produced 800,900 barrels of oil equivalent per day (82% oil and natural gas liquids). The company reported net debt of about $4.8 billion as of March 31st, down from $5.1 billion at the end of 2023.

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