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 > Hedges....At what Oil Price it would not be Stupid anymore?

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Post by RagingBull3on Jun 23, 2021 8:13am

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Post# 33433165

Hedges....At what Oil Price it would not be Stupid anymore?

I said it might be wise to start Hedging at $70+ oil, I got laught at. So, when would it be a good idea? $80, $90, $100, $130?????

At $130, I would probably hedge 80% of all production. I would do 100% but you have to leave some room for production short fall for what ever reason.

All just my opinion/view/thinking

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