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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

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. 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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Post by Fundipon Feb 15, 2018 10:57am
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Post# 27564844

Can anyone explain?

Can anyone explain?The last time WTI was at $60 was on Dec 29. At that time, CVE was at $11.50.

Today, WTI is at $60, CVE just reported strong earnings and lowered their cost guidance, AND stated that the majority of their 2018 production is hedged. CVE is at $9.50.

In 6 weeks, WTI has remained at the same level, CVE's outlook and production is brigther, yet it's stock is down 18%.

How does any of this make sense?
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