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Cenovus Energy Inc T.CVE

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

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 JohnSPon Jan 11, 2022 10:40am
108 Views
Post# 34303421

RE:Question for the board

RE:Question for the boardSeveral years ago I met a man who worked for Valero and said the gasoline/diesel retail industry works thus:

1) Central Refinery owned by several companies (often E&Ps) and operated by the one with largest working interest.

2) All tank trucks in region (Shell, Exxon, Petro-Canada etc) fill up at refinery, and add bucket of additives into fill cap at top of tank.

3) Tank trucks drive and deliver their load to their respective gas station, and while driving the additives are distributed throughout load by shaking of truck on roads.

4) Because North America loves gasoline more than diesel, and opposite for Europe, their are a fleet of tankers taking excess diesel from gulf coast to Europe a carrying gasoline from Europe to NA.

So in summary 99.999% of gasoline is the same regardless of brand, ie Husky, it's just the additives that are different.
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