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 > High Tech & Bit Coin Party Coming to an End

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Comment by mrbbon Jan 06, 2022 5:36pm

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Post# 34290868

RE:High Tech & Bit Coin Party Coming to an End

oil and bank are shining now. Even gold/silver, uranium are down.

oilandgasmick wrote: I don't think its a coincidence that the jitters in high tech and bit coin has seen some funds moving into oil and gas stocks and its also no coincidence that CVE is up sharply today because its one of the best in class.

As I thought, the "spare capacity" theme that supposedly existed in the oil markets is now being put to the test.

Equador, Libya, Kazikstan, Nigeria and perhaps even Saudi Arabia itself are all on notice now to see what they can actually produce.

As for CVE, looks like we'll be at 20 bucks per share sometime in Feb. probably coinciding with 4th Q earnings results. It will also be interesting to see how share buybacks proceed once this price level is reached. Perhaps increased dividends are a better way to reward long suffering shareholders.