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Cenovus Energy Inc T.CVE

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

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 retiredcfon Apr 17, 2024 6:46am
162 Views
Post# 35993173

RE:RE:Top Pick

RE:RE:Top Pick
TOP PICK
Cenovus Energy(CVE-T)
16/04/2024
 
Was under pressure last year because refineries needed investments, which CVE swiftly did, so capacity is up. That's when he bought. Shares and valuation have since risen. They have a lot of exposure to the WCS-WTI price differential that the as the pipeline expansion will come online--an opportunity. Also, they are lowering debt. Could be a dividend bump or share buybacks to come.
(Analysts’ price target is $31.79)
Oil / Gas

Andrew Pink
$28.520
Owned
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