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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 autofocus111on May 19, 2021 2:14am
124 Views
Post# 33228152

RE:RE:RE:RE:RE:RE:RE:RE:Zacks says sell Cenovus...

RE:RE:RE:RE:RE:RE:RE:RE:Zacks says sell Cenovus...mrbb My bad yes it's Indonesia. And yes that is a corrupt jurisdiction no doubt. China has faced huge challenges in metals sector with that country, in particular related to nickel ore supplies as input to their stainless steel production. My point is that Asia has a strong energy demand outlook, so growth projects close to that market and with fixed price contracts I see that as benefiting CVE more than Eastern Canada offshore ops supplying into European markets. If CVE decides to dispose of both of these to concentrate production efforts in core AB and SK that absolutely makes sense. But if they're only going to sell one of the two, I'd want to see them keep the Asian ops.
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