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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
Comment by marpincanon Jul 14, 2019 4:36pm
108 Views
Post# 29918454

RE:Cenovus vs the rest of cdn majors

RE:Cenovus vs the rest of cdn majorsCVE was punished by the market for its purchase of CONOCO's Canadian operations including  oil sands properties  operated by CVE. The market thought CVE paid to much. CVE though was the operator and so they knew what they were buying. I always thought and the market is finding out that CVE got a reasonable and more than likely a good deal. CVE was punished a lot more than other oil sands / western Canadian oil and so as they pay down debit and the value of the deal becomes apparent, they should gain a lot more than other operators. JMO - as things continue to improve, CVE should be worth well north of $20/ share.
Bullboard Posts