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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Post by believer123on Jan 25, 2021 7:57pm

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Post# 32381249

Current market cap waaay below value

I did some analysis and back when oil prices were above $50 in 2017 and 2018, the market cap of CVE and husky combined averaged around 36 billion.

CVE is at 16 billion right now, 20 billion short - we should be at a minimum of around $18/share. This doesn't even account for the cost reductions or possible massive cash flow that CVE 2.0 will generate at 50 plus oil.

$20 is a fair target but if the refining margins keep going higher could $30 be hit?

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