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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | 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

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

Post by autofocus111on Mar 26, 2021 6:51pm
398 Views
Post# 32891445

CVE is an investor in generalfusion

CVE is an investor in generalfusionCVE participated in a very early round of funding for this Canadian company that is developing a fusion reactor. In the last year, the firm saw Jeff Bezos of Amazon and Shopify's Lutke inject capital. Maybe CVE should throw a few more bucks at this dark horse. If successful, the payout would absolutely dwarf any return from their current business. Better this than wind or solar which will never meet the world's energy demand.  The total raised by GeneralFusion to date is only ~$200M. This for a technology that could solve the world's energy problems forever. Peanuts compared to the ~$30B the ITER project is expected to cost. ITER uses the conventional tokomak reactor approach that has been worked on for decades without success, while GeneralFusion is thinking out of the box. 

>>>A 2011 Series B round raised $19.5 million from a syndicate including Bezos Expeditions, Braemar Energy Ventures, Business Development Bank of Canada, Cenovus Energy, Chrysalix Venture Capital, Entrepreneurs Fund, and Pender Ventures.[50][51]

>>>In January 2021, the company announced funding by Shopify founder Tobias Ltke’s Thistledown Capital, bringing total funding to well over $192 million.[55]

https://en.wikipedia.org/wiki/General_Fusion

https://en.wikipedia.org/wiki/ITER


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