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 > I view Hedges like Insurance. You lose Money buying House

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Comment by RagingBull3on Jul 15, 2021 3:59pm

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Post# 33553753

RE:RE:I view Hedges like Insurance. You lose Money buying House

Yes.... I understand.... Cash Flow, Cash Flow, Cash Flow..... the cash flow is there even if oil drops to $40........The company can continue to pay its Debt....... But what you don't understand is that this "Cash Flow" is supported at the expense of Shareholders....

That's why CVE share price TANKED from ~$30 to ~$2 !!!!

SHayden wrote:

RagingBull3 wrote: insurance every year after year after year... But why do you buy it .... Just in case your house burns down! Hedges should be used this way. To protect the company from sevear risk.

Insurance is used to protect against a financially non supportable loss, that is the CFP description for insurance. It is not applicable to CVE in it's current form.