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 > Market is disconnected from reality

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Comment by mrbbon Jul 15, 2021 5:21pm

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Post# 33556223

RE:Market is disconnected from reality

that's what i think too, covid lockdown affected opec producers as well or maybe even more so as they likely took more extreme lockdown as they remember the MERS epidemic 2012.

TopStockBuy wrote: OPEC doesn't have the oil to meet the coming demand. I agree with Goldman. Major oil shortage is coming. China's imports are way down because they're using up the cheap oil they bought last year. With record refinery runs, they will be on the buy side again with record imports. India will be the same. It's going to be an expensive summer in 2022 at the gas pumps.

5+ Million barrels a week coming out of inventory...how can we pay it back with a 5 million per day shortage? We're already below the 5 year average and heading to ten year lows. Enjoy your cheap gasoline why you can.

Let Cenovus financials speak for themselves, then the market will follow.

https://oilprice.com/Energy/Oil-Prices/Goldman-Bullish-On-Oil-Despite-Saudi-UAE-Agreement.html

https://oilprice.com/Energy/Oil-Prices/Goldman-Bullish-On-Oil-Despite-Saudi-UAE-Agreement.html