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.P.G | T.CVE.W | CVE.WS | CVE | CNVEF | T.CVE.P.A | T.CVE.P.B | T.CVE.P.C | T.CVE.P.E

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 Franman184on Aug 09, 2022 10:47am
302 Views
Post# 34881423

$90 will be the new floor

$90 will be the new floorOPEC Plus is back in control of crude oil and Saudi arabia wants $90 and Russia has agreed to cut up to 3 million barrels a day to help maintain the price. Long Canadian oil and gas companies. You will not get rich over night but long term holders will be rewarded. Us shale can no longer push prices down as tier 1 sites are rapidly declining and $90 does not make it sustanible to drill new wells that take alot longer to return a profit so only single digit production increases by US producers. 
The potential for price to rise quickly above $90 because of an event versus price to drop significantly below $90 is about 10 to 1. 
Just my opinion base on what I have learned. Subject to change with more currrent data. GLTA
<< Previous
Bullboard Posts
Next >>