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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.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.


TSX:CVE - Post by User

Post by oilandgasmickon Jan 24, 2022 4:49pm
278 Views
Post# 34355246

You can always tell which stocks are still good value...

You can always tell which stocks are still good value.......because even on a day like today, when the markets are hammered, CVE closes the afternoon down only 7 cents per share. There's good reason for it because as money rotates out of High Tech and bitcoin it looks to land on value. The dip is a perfect opportunity to jump in.

That trend will continue for 2022 although CVE will still face a lot of turbulence. I'm anxious for the publication of 1st quarter financials--- to calm investors a little bit.

When it becomes official knowledge that CVE has reached its $8B interim debt target then that will signal the market that this is indeed a good place for the chopper to set down.

I am not going to panic on my oil and gas stocks. I still love SU as well.
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