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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

Comment by RagingBull3on May 05, 2021 9:53am
96 Views
Post# 33131226

RE:18 per cent of ev buyers???

RE:18 per cent of ev buyers???Yes, our electrical grid could never handle personal vehicles all going electric..... never mind talking about medium to heavy duty vehicles.   

Only realistic option would be everyone charge their vehicles at home at night while not in use...All other charging facilities would basically be for emergency charging as it would not make any sense as you would need 100's of chargers per station and basically a mini-nuclear reactor for each station.      As it is now, we have line ups at the gas stations with multiple pumps going, each able to service a vehicle in a few minutes.

But the Crazy Eco agenda will push EV to mass adoption.... and then the whole system crashes.

All just my opinion/view/thinking.



Wynjoe wrote:
In California,over 18 per cent of electric vehicle buyers switched back to gasoline power,main reason used was that it took to long to recharge batteries,(thats in California),imagine in colder climates????My point is...its going to be much longer then ever anticipated,before fossil fuels are no longer needed.Beyond that with next to no funding going into new exploration and development,theres a squeeze coming from an oil shortage,(real or imagined),that will skyrocket prices like never witnessed before!!!!Huge oil projects,all around the world have been put on hold and cancelled all together,theres a time coming,(sooner then many suspect), when companies like Cenovus,with vast oil reserves,will be king!!!CENOVUS IS A VERY STRONG BUY.


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