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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

Bullboard Posts
Comment by marpincanon Mar 16, 2015 2:52pm
107 Views
Post# 23526633

RE:RE:There is still 40% of US oil storage capacity available

RE:RE:There is still 40% of US oil storage capacity available
I agree with you - still lots of storage left. The current pressure on oil prices though are actually good IMO as it will help put the highly leveraged, low quality producers who have not got a chance in hell of raising any capital out of their missery that much sooner. They are the ones that are causing the problem by pumping anything they can as they race to try and stay ahead of the creditors - problem is that while its a loosing proposition for them. The Saudis have come out and said that it may take till the end of the year for shale production to come down (translation to shale producers  - quit waisting your time   trying to pump your self out of the hole you are in as Opec will not be reducing production anytime soon).
   Reality sometimes sucks but this does not change it and the sooner the weaker producers get shaken out, the sooner oil markets will get back to a healthier note. 

JMO
Bullboard Posts