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.

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Cenovus Energy Inc > What Am I Missing?

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Comment by TopStockBuyon May 24, 2021 12:59pm

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Post# 33257208

RE:RE:RE:What Am I Missing?

Definitely the highest amongst the mid caps...there are even bigger yields with the small caps. CVE is a low cost producer and getting lower.

$80 WTI is just the beginning. I think we see significantly higher oil prices in 2022. There simply insn't enough oil being produced to meet the coming demand. No reason for this stock not to be $18 right now and $20+ in the next 12 - 18 months. Market needs to see a couple more quarters for it to sink in.

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