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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 jagsfanon May 13, 2020 12:33am
171 Views
Post# 31020493

RE:Fund Blacklists Canadian Oil

RE:Fund Blacklists Canadian OilAny fund is entitled to not buy shares in any company for any reason, because the fund is not breaking any laws.
I see the Norwegian fund, which supports a very high standard of living for the average person in Norway, has not be frittered away to zero by stupid(or corrupt)  governments in Edmonton, as happened to Alberta's Heritage Fund.

The refusal of the Norge Fund to hold shares on these companies will not IMHO, affect the price of these companies' shares to a noticeable degree.
Basically that fund shouldn't hold shares in any oil companies, as they all contribute to greenhouse gas build up & thus global warming.
Bullboard Posts