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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.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 > EVs.... The Probable Truth Oil Bulls Ignoring...
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Comment by RagingBull3on Jan 07, 2022 4:28am
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Post# 34291841

RE:RE:EVs.... The Probable Truth Oil Bulls Ignoring...

RE:RE:EVs.... The Probable Truth Oil Bulls Ignoring...Probably mostly YES for light personal vehicles for most countries.   Crude Oil Demand will still increase, MASSIVE potential demand still coming from Developing Countries With HUGE populations..... China, India, Africa.....basically all of Asia.

But HERE it's probably a Different Story.... USA already exporting oil and other countries like China have/will surpass the USA in oil demand/consumption.

All just my opinion/view/thinking.


mrbb wrote:

ragingrabies, everyone would be driving EVs by 2045, right? 

expert is on my side, crude oil demand will be higher than today.

 

RagingBull3 wrote: Personal Vehicles are going EVs faster than you probably think.   Virtually all governments around the world pushing for EV whether or not it makes any common sense or not.  

70% of US oil demand is for Transportation, 65% of that for personal transportation.

https://www.americanenergyindependence.com/fuels.aspx



 

 

 



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