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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 Fundipon Feb 23, 2018 12:39pm
267 Views
Post# 27610075

CVE is going nowhere until these two things happen

CVE is going nowhere until these two things happen1) WCS / WTI differntials drop down to below $15. 
-This will only happen if the Keystone pipeline starts running from 80% to 95%+ again and bitumen starts to move by rail. The former will happen within the next 1-2 months and the latter within 5-6 months.

2) Material asset sales occur.
-We need to see many asset sales this year. CVE should concentrate on the oil sands and refinery operations and get rid of everything else. All conventional drilling, all undeveloped plays, all nat gas plays, they should all be sold.

WTI can go to $75 and the Dow can go to 50,000, but CVE will still be in the doghouse until the top two things happen.

Bullboard Posts