Cenovus Energy Inc T.CVE

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

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

Cenovus Energy Inc

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Comment by marpincanon Oct 16, 2014 8:26am

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Post# 23033077

RE:That's one ugly chart!!!!

The Saudi's have set the bottom for oil at $80 (close to what it is trading at now) so if you ndid not sell 3-4 weeks ago, selling now means selling at the bottom. CVE has lots of cashflow, can do quite well at $80 dollar oil and so for long term investors that like collecting diviidends, the current correction amounts to a bump on the road (yaun) and the shorts get their minuet in the sun after years of pain (smile while you can). It would have been nice to have sold in the mid $30's and start to buy back now but I suspect few did that.

JMO

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