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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

Cenovus Energy Inc
Bullboard Posts
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(5)
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Comment by tcellingon Mar 12, 2019 10:51pm
173 Views
Post# 29476567

RE:IF WCS Continues To Rock & Roll, CVE Will Pay Back $ 2B ...

RE:IF WCS Continues To Rock & Roll, CVE Will Pay Back $ 2B ...
Eigen337 wrote: in debt in 2019 !!!

WCS hit USD 46 today (for April 2019 delivery) in Edmonton , Alberta !!!

WCS was USD +3.75 over WTI (for April 2019 delivery) in Nederland, Texas (US Gulf Coast refinery market) on Monday (3/11/2019) !!!

That is Canadian dollar 2 billion !!!

This is based on the ASSUMPTION that Alberta will MAINTAIN the COP CURTAILMENTS (probably in excess of 200K bbls/d per month) remaining for the rest of 2019) !!!

This is my opinion only.

Eigen337


Why only $2B? If this price held for the whole year free cash flow would be closer to $3.5B
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities