Cenovus Energy Inc T.CVE

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

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 OILGENIEon Jan 08, 2021 1:44pm

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Post# 32255288

Hedge funds upped bets against Canadian energy

Hedge funds upped bets against Canadian energy companies in the run-up to Tuesday's U.S. presidential election, regulatory filings reviewed by Reuters showed.

Market participants have speculated energy stocks could fall if Democratic Party candidate Joe Biden wins the race against incumbent President Donald Trump.

Biden has laid out a series of plans for the environment, which include a desire to "transition from the oil industry," words that ricocheted across Canada as the world's fourth-largest crude producer and major exporter to its neighbour south of the border.

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