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Cenovus Energy Inc T.CVE

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

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 mrbbon Jan 22, 2024 3:34pm
175 Views
Post# 35839549

RE:RE:Oversold

RE:RE:Oversoldfinally oil price is catching up on middle east risk premium.  I was kinda puzzled earlier on why oil traders aren't placing any disruption premium given the area conflict around yemen, syria, red sea, iran, gaza, unkraine, etc  However, the market seem to be slow to accept these supply risk while fear of recession still overhanging   

mrbb
I view oil price projection from banks are quite one dimensional, ignoring supply risk from political and international events. 


downwithdotcom1 wrote: wow...oil is up near 3% today alone, BRENT has crossed $80 and yet some of the oils including CVE are bouncing off YEAR LOWS..this is clearly the paper traders at work - need Q4 results including where we are getting to this 100% FCF debt threshold to re-ignite this stock and maybe burn these short positions at the same time. dwdc


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