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

Cenovus Energy Inc > UNBELIEVABLE But WCS Is JUST $ 0.55 SHY Of USD 50/Bbl. !!!

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Comment by oilandgasmickon Feb 24, 2021 10:38am

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RE:RE:UNBELIEVABLE But WCS Is JUST $ 0.55 SHY Of USD 50/Bbl. !!!

The value of those HSE shares that were traded for Cenovus shares are now north of 7 bucks (9.3* .78) That's a pretty sweet deal for those who had the guts to buy in when HSE hit 2.3.

And you now have the relative safety of a larger company and that's where buyers will go as people return to the battered sector. Meantime demand for heavy crude is brisk and that won't change anytime soon.

Love those warrants and their time value.

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