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 > I-95 Stranded Driver..... I wonder any EV among them

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Comment by RagingBull3on Jan 07, 2022 12:45pm

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RE:RE:RE:RE:RE:I-95 Stranded Driver..... I wonder any EV among them

WRONG... it probably already has/had an impact on Cenovus..... Selling Retail for dirt cheap.... I'm guessing future of EVs probably played a factor in decision making.

All just my opinion/view/thinking/guessing/assuming.

TopStockBuy wrote: I agree. It won't have any impact on Cenovus for decades. Even their predictions are saying EV's will only reduce Petrol/Diesel demand by 2M barrels a day by 2030, 5-6 by 2040. Oil production will drop by more than 2M barrels a day by 2030 and demand will grow even more.

You need to move 10x the amount of earth just to produce the battery in an EV, nevermind the vehicle. Any push for new technology, charging infrastructure and power generation will just increase oil consumption. What this means is Cenovus is a screaming buy at these prices. It's still undervalued. The future looks good.

mrbb wrote:
that's grade school level thinking. I don't buy your premise EV would make oil obselete.

EV battery require exotic commodities (graphite, rare earth metal, nickel, lithium) that consume more energy to mine using diesel/gasoline heavy machinery than drilling for oil. (assuming glass and plastic makeup remain the same for both ICE and ECs)

When honda, toyota, etc improved gas mileage yearly on their cars, did oil consumption went down? no, it went up.

When we start using computer and display monitor, did demand for paper went down? no, it went up

technology improve our standard of living, which will lead to higher consumption of energy of all form. There will be more soccer mom in south america, africa, india, asia, going places and doing more activities. I even doubt china would invade taiwan if china see a long drawn out war because china won't have enough oil to run their military personnel and war machines.

RagingBull3 wrote: Seriousely... EVs ... You don't see how future of EVs could affect oil stocks?

There's a HUGE push to EVs..... How well the are adopted???? Things like this could play a factor, especially in a COLD country like CANADA.

But the CRAZIES, I believe going to FORCE EVs on to everyone.

Oil Rich COLD country like Canada..... gasoline engines makes sense.

All just my opinion/view/thinking.

SHayden wrote: And how do you specifically tie this onto Cenovus stock?

RagingBull3 wrote: and how long they lasted until no heat???? And then I guess they would need to be towed as how would you recharge them on the highway???

All just my opinion/view/thinking/wondering