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Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE.PR.B


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

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

Bullboard (TSX:CVE)

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Post by Megasupremeon Jul 29, 2024 8:29pm

Smead Value Fund initiated a significant position in Cenovus

https://ca.finance.yahoo.com/news/smead-value-fund-boosts-stake-170119255.html Bought 8,902,595 shares
Comment by JohnSPon Jul 28, 2024 1:42pm

RE:Thursday August 1 is earning day

Indeed, before the bell, currently second largest position, silly me.
Post by Margin321on Jul 27, 2024 9:43am

Thursday August 1 is earning day

This week we wil know where the net debt was at end of quarter and probably also get an estimate of  where it was at end of July. We should also find out how they deployed the 50% of excess ...more  
Comment by downwithdotcom1on Jul 25, 2024 4:31pm

RE:RE:RE:unexpected weaker Q2 US refining margins being reported...

just reported...Valero Energy sees Q2 net income cut in half mostly as a result of a drop in refining operating income by 50%...sounding like a bit of a broken record for current refining margins..don ...more  
Post by Margin321on Jul 25, 2024 10:56am

Still buying

Results August 1.  Will be interesting if nothing else. I expect the $4 billion net debt target has been reached, if not at quarter end, then in the month since then.
Comment by ztransforms173on Jul 24, 2024 5:58pm

RE:Cenovus shuts units at 160,000-bpd refinery in Toledo, Ohio

Cenovus shuts units at refinery in Toledo, Ohio, WoodMac says July 24, 2024 at 03:18 pm EDT  Share NEW YORK, July 24 (Reuters) - Cenovus Energy shut two units at its 160,000 ...more  
Post by ztransforms173on Jul 24, 2024 5:47pm

Cenovus shuts units at 160,000-bpd refinery in Toledo, Ohio

Cenovus shuts units at 160,000-bpd refinery in Toledo, Ohio, sources say   July 24, 2024 11:10 AM  Reuters Cenovus Energy’s 160,000-bpd refinery in Toledo, Ohio took two ...more  
Comment by ztransforms173on Jul 24, 2024 3:17pm

RE:RE:unexpected weaker Q2 US refining margins being reported...

- CVE has a HIGHER CAPITAL EFFICIENCY {the BEST in the Canadian oil space} than MEG for EACH MARGINAL barrel INCREASE in BOP - however, MEG has the LOWEST OPERATING EXPENSE per UNIT of BOP in Canada  ...more  
Comment by PabloLafortuneon Jul 24, 2024 12:07pm

RE:unexpected weaker Q2 US refining margins being reported...

CVE heavy oil is 6x MEG so profitability / cashflow should be 6x as well. It barely is even though they have US refining, Cdn refining, Cdn gas assets and offshore. First things first, CVE is an oil ...more  
Comment by Margin321on Jul 24, 2024 11:14am

RE:unexpected weaker Q2 US refining margins being reported...

I did not expect that. But in case of CVE thelast year Q2 was weaker than for some others. Meaning the comparisons will not be as bad as for soem of the examples mentioned. And oil prices higher and ...more  
Post by downwithdotcom1on Jul 24, 2024 10:48am

unexpected weaker Q2 US refining margins being reported...

looks like refining could be a drag on earnings YET AGAIN....getting a little tired of this. CVE keeps selling the story that its part of their VALUE ADDED model - you mostly supply the cheaper (heavy ...more  
Comment by Quintessential1on Jul 24, 2024 9:58am

RE:Analyst Recommendation

That was a very shakey maybe in Q2 for 100% FCF payouts but it is definately getting closer.   This Q, next Q the ER should be very telling and for that, I am excited to see it. GLTA 
Post by retiredcfon Jul 24, 2024 6:44am

Analyst Recommendation

As can be seen, he was also asked about it earlier prior to dealing with it as a past pick. First stock in the clip. GLTA https://www.bnnbloomberg.ca/video/shows/market-call/2024/07/23/andrew-pinks ...more  
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