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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
Post by Flintstockon Jul 27, 2015 5:19pm
289 Views
Post# 23964718

CVE not lean enough !

CVE not lean enough !Having fallen from $35 to $17 in one year it is a distinct possiblity that the sp will at some point trade in single digits.  Never expected this however the stock market is fickle so nothing should surprise. This stock has fooled investors as well as the many analysts who are still rating CVE a buy while the stock continues its descent.  Regarding the work culture at CVE I suspect it is not very different than Encana's therefore we shouldn't expect a different outcome.  Spending investor cash is easy but trimming employee perks is difficult.  Hopefully CVE is taken out before the 3 billion from the asset sale is squandered by a management team that has never fulfilled their continous promise to deliver shareholder value.   
Bullboard Posts