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 > Oil up 1%

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Comment by JohnSPon Jun 14, 2021 10:17am

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Post# 33381185

RE:Oil up 1%

I also bought more last week as CVE is still crazy undervalued.

Look at today, oil goes up 1%, and CVE's share price only goes up 1%, huh?

CVE is a IMO a geared play on oil price, as per their last presentation slide 3, their Q1 Adjusted Funds Flow was CAD1141 mln or CAD4564 mln annual, and as per slide 26, for every USD1 increase in WTI their AFF increases by CAD250 mln annual, or 5.5%.

So why does CVE only go up 1%, OK I know still going up so shouldn't grumble,

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