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Bullboard - Stock Discussion Forum 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

Energy Oil & Gas Integrated
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.... see more

TSX:CVE - Post Discussion

Cenovus Energy Inc > oil.com
View:
Post by andy604 on Apr 17, 2024 3:32pm

oil.com

While the move is largely seen as a Hail Mary, about 3,000 lots of June $250 call options in US crude oil traded for just 1 cent each on Tuesday—trades that Bloomberg likened to a lottery ticket due to the unlikely event that it would actually pay out. But certainly one that would pay out handsomely, if it paid out at all.
 also i read hedge funds are dumping oil equities and buying oil options and puts, they are also betting on $100-250 oil in driving season, its like buying gold bars instead of gold stocks, they figure bigger rewards for options and puts.
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Cenovus Energy Inc