Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Cenovus Energy Inc T.CVE

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

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

Comment by LithiumNPVon Jul 31, 2020 6:20pm
94 Views
Post# 31352383

RE:RE:What this Shows is Frederic Doesn't Understand What'sGoingOn

RE:RE:What this Shows is Frederic Doesn't Understand What'sGoingOn
jagsfan wrote: I personally think that the 2nd wave of COVID cases & deaths has surprised many US & Canadian investors & scared them into a negaive frame of mind.
This, more so, than there being an enduring lack of demand, which is true to some extent.
The demand will not come back as quickly as previously thought but it's offest by the Russo-Saudi -OPEC+ deal to restrict production to match what they see as the returning volume the market will demand. 
Obviously there's a lot of guesswork in calculating future demand at this time, when many 'workers' from home may never go back to their offices or use transit.

I agree they are suprised by the 2nd wave. Then 2nd wave wasn't suppose to come until later this year when it gets colder out.

<< Previous
Bullboard Posts
Next >>