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 > Any Companies Smart Enough To Hedge at $85+ ??????

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Comment by ChickenLittle13on Jan 19, 2022 11:21am

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RE:Any Companies Smart Enough To Hedge at $85+ ??????

I was under the impression CVE was unhedged going into 2022. Since they still have to buy condensate to dilute the bitumen , limiting their upside w hedges and still paying spot+premium for condesante seems foolish.

Im actually blown away why so companies hedged so much into 2022 , drastic way to cut into profits. I'm sure these management teams are aware of the potential for oil shortages this year.

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