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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 Dogsbreakfast4Uon Jul 15, 2021 6:42pm
148 Views
Post# 33556940

RE:Market is disconnected from reality

RE:Market is disconnected from realityThe market seems to be saying that oil and oil stocks are overpriced if we are all going back into lockdown in a couple of months. As we know in Ontari-owe we are still in a slightly loosened lockdown. We might not come out of the current lockdown before we go right back into another one. Look at what is happening in Australia and Asia right now. A major leage baseball game just got cancelled because 3 fully vaccinated asymptomatic players "tested positive" for Covid-19. California just imposed masks indoors after a few days without them because of an alleged increase in the number of "cases". Once fearful or brainwashed people again flock in mass to get tested for COVID-19 using the flawed PCR instrument in the fall because they have seasonal cold-flu symptoms, COVID-19 or it's apparently infinite numbers of variants, "cases" will skyrocket. This in turn fuelled by 24/7 media selling panic will lead to lockdowns whether you have been vaccinated or not. They will blame the "irrresponsible" unvaccinated who did not obey the governments dictates for this "unfortunate" situation. They will say that the vaccines offers a 95% protection against COVID- 19 but not the variant(s). They will again say that until another new vaccine is developed for those variants lockdowns-distancing-masks will be required. Eventually modified forms of lockdowns will become permanent to keep us "safe" of course. Fear is the best currency of control.
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