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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.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 tcellingon Jul 17, 2018 6:19pm
80 Views
Post# 28329949

Iraq is getting interesting

Iraq is getting interestinghttps://alongtheboards.com/2018/07/18/security-forces-deploy-in-iraq-s-najaf-after-day-of.html

"The demonstrations have threatened to interrupt petroleum production in Basra, Iraq's premier oil city. Activist Laith Hussein said the protesters numbered in the "thousands", and managed to force the closure of the vital Umm Qasr port on the Arabian Gulf and roads leading to major oil fields to the north and west of Basra. Anger is mounting at a politically-charged time as politicians struggle to form a government after the election, which was marred by allegations of fraud. The protests come as Abadi is in charge of a caretaker government following May elections that witnessed low turnout as many Iraqis shunned the corrupt ruling class. The week of protests has put Iraqi Prime Minister Haider Al Abadi in a hard position. Similar protests have occurred in the past. Port officials said it is expected to re-open on Monday or Tuesday after a deal was struck with protesters. "

First I've heard of any production effect. Note the end of the above states they expect re-opening to occur yesterday/today. Yet, protests are ongoing and getting more intense so this may not be the last of production problems.

Bullboard Posts