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.

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Cenovus Energy Inc > I wonder if there's any oil company smart enough to put in

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Comment by RagingBull3on Dec 02, 2021 11:40am

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Post# 34190259

RE:RE:RE:I wonder if there's any oil company smart enough to put in

They are at 45%...... That would be the MAXIMUM I would hedge. If oil price Tanks, cut production and expenses and Cap Ex to hedged levels and ride it out profitable....

All just my opinion/view/thinking.

RagingBull3 wrote: Thanks for the info. Checking it out....

"As part of its risk management program to reduce cash flow volatility, Crescent Point maintains an active and diversified hedging portfolio. The Company currently has approximately 45 percent of its oil and liquids production, net of royalty interest, hedged for 2022 utilizing a portfolio of swaps and collars that provide a combination of price protection with upside participation. Crescent Point plans to remain disciplined in its approach to layering on additional protection in the context of commodity prices."

Crescent Point Announces Q3 2021 Results | 2021-10-28 | Press Releases | Stockhouse

ChickenLittle13 wrote: CPG hedged 40% of their production in 2022 at decently high prices (high 70's WTI). Everyone was laughing at them. Looking like geniuses now.