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

Cenovus Energy Inc > WTI hits $80 ...... I would recommend putting some HEDGES in

<< Previous

Bullboard Posts

Next >>

Comment by lashingon Oct 08, 2021 2:02pm

180 Views

Post# 33989644

RE:WTI hits $80 ...... I would recommend putting some HEDGES in

Copying eric nuttall trying to look smart? Everyone else reads his posts too you know.

RagingBull3 wrote: at $80+.... Maybe 20% of production? When it hits $90, another 20%. But that's it, maximum of 40% of production I would hedge.

Once Cash Flow and PROFITS locked in for next couple years.... it's easy to plan for debt reduction, dividends, CapEx...etc.

If oil continues up, $100.... free to increase CapEx and production as debt is taken care of by the hedges.

If oil crashes.... free to cut CapEx and production if it becomes unprofitable.... This SECTOR F#$ing CRAZY, oil goes negative but still companies pumping and even increasing production bleeding shareholders their investment (share price crash). If it's unprofitable, reduce/stop pumping!!! But since the way "things" are done here, this sector had no choice but continue pumping even if prices went negative.

Lesson..... get rid of DEBT.

All just my opinion/view/thinking