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 Jul 09, 2020 12:14am

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Post# 31243417

RE:Why Did I Just Give Up on Cenovus?

I can see that you, like myself, are frustrated at CVE dropping as WTI holds over 440, as has happened today.
What we have to do in today's choppy market is focus on the longer term & realize that it could take 19-24 months for CVE to get back to $10 but that is still a good rate of return.
I was also frustrated today as CVE started well, slumped when WTI turned downmwards & then failed to recover the loss it had experienced even when WTI closed UP 0.66% for the day.
It'll take time but the easy(quick gains have been made & with COVID19 having a lot of influence on WTI & thus on all oil & gas stocks, we going to have to be patient.

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