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

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Comment by oilandgasmickon Oct 08, 2021 2:19pm

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Post# 33989749

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

Agreed-because you know that this price level is very optimistic and there will be a retracement.

Hedges limit the upside but they help to achieve your shorter term goals and right now that is debt reduction. 6 months ago nobody really thought that the company would reach its 8B target by mid 2022. Heges virtually assure that will happen.

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