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 Canoutchieon Jul 12, 2019 3:51pm

82 Views

Post# 29915126

Trading pattern over past week

I've got Cenovus on a watchlist, and have noticed a curious trading pattern all week whereby the stock opens high, followed by immediate selling that starts about 10:00 a.m.

Then, slowly, the stock is walked back up, close to the open price, but not too much above.

It would almost appear that one or more institutions might be stealthily trying to accumulate a position.

Time will tell.

Based on this trading pattern, I've opened a position in this stock (long call options)

GLTA

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