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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Comment by jagsfanon Jun 24, 2020 8:27pm

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Post# 31188502

RE:RE:RE:RE:RE:RE:RE:CVE is Very Favorable to WTI Over $40

I agree that MEG has a big upside but its going to take time to get to the top of this hill of high +case reports in many US states & demand remaining lower than expected..
CVE's share price drop today was around 2 % but MEG's loss was around 6%.
Perhaps that indicates the value to energy stock investots of a favourable assessment from GS, who probably hold a couple of million shares in MEG.

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