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.

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Cenovus Energy Inc > I would Hedge 1/2 production at $70+ oil

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Comment by SHaydenon Jun 18, 2021 12:28pm

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Post# 33411647

RE:I would Hedge 1/2 production at $70+ oil

Hedging won't garuntee profits, it will reduce profits, we've been over this.

RagingBull3 wrote: if it guarrentees Profits, Cash Flow, and ability to pay down debt over the next couple years.

If oil prices continue higher, with Debt Risk eliminatated with the hedge, free to increase Dividends, CapEx, production.

If oil prices crash, cut back production and expenses and sit back and enjoy the Profits from the Hedge.

All just my opinion/view/thinking.