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

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Comment by tcellingon Sep 15, 2019 6:14pm

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Post# 30128958

RE:Cenovus Is ALL But 19K Bbls/d UNHEDGED For 2019 !!!

Eigen337 wrote: Way to GO Alex !!!

Current hedge positions for 2019

Hedges at June 30, 2019 Terms Volumes Average price
Crude – WTI Collars January – December 2019 19,000 bbls/d US$50.00 – US$62.08/bbl

E337

Eigen,

Do you think this event will wake markets up to the low valuations of Canadian E&Ps? IMO based on cash flow CVE should already be sitting around $20. At $80+ WTI though the valuations get quite comical...

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