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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Cenovus Energy Inc > Big Money loves OIL

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Post by andy604 on Jun 27, 2024 1:44am

Big Money loves OIL

Why Big Investors Are Doubling Down Right Now on Oil & Gas Stocks

By Alex Kimani - Jun 26, 2024, 7:00 PM CDT

In the current month through June 17, Berkshire Hathaway deployed $434.8 million into Occidental Petroleum, adding to its already huge position.
David Tepper and Carlos Slim are also making major bets on major energy names.
Last year Buffett opened a $4.1 billion position in Chevron.
Energy Transfer LP (NYSE:ET), PG&E Corporation (NYSE:PCG) worth more than $800 million combined are now in David Tepper’s top 12 holdings. Meanwhile, Carlos Slim’s Empresarial de Capitales has invested $75.5 million into PBF Energy (NYSE:PBF).