Cenovus Energy Inc T.CVE

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

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.

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Cenovus Energy Inc

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Post by nixxemon Apr 22, 2020 10:46am

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Post# 30938854

GDP

Am I realistic to make my investment here as::
canada's GDP is heavily reliant on oil exports (98 billion export)
auto (61b)
machinery 34b
Federal govt. taking on most debt in our history and at some point in the next 90 days there will have to be a plan on How do we start to pay for this.
I really don't see any other option than from the oil industry at this point in canada's economy.
same for many many countries. Oil 4th largest export in USA
Countries will have to work together to get this sector making big $. demand will return

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