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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 DeepValueOil88on Jun 29, 2021 5:44pm
260 Views
Post# 33470462

RE:$73 oil

RE:$73 oilVery bullish API. EIA should amplify. Iranians hit US controlled oil field in Syria. There is no announcement, war is on. OPEC+ to decide supply equation on July 1. Saudis might dump oil on markets if they think Iran will capitulate to US terms. Saudis cannot bring their fields up quickly, but we can get on jets quickly. OPEC still has laggards to cover, it will raise supply by 500 kbd but tamp down violators. Russia seeks to avoid parabolic oil price, not keep oil low. WTI to $80 by next week. PT for CVE is $35 at WTI strip $80. Run the math! End of quarter/half funds crossing, locking gains, and tweaking to continue mid tomorrow. CVE to jump towards $15 by next week. Will not sell less than $35.
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