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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

Comment by Vozadayon Feb 02, 2022 6:30pm
230 Views
Post# 34391149

RE:I expect share price to go way up next week

RE:I expect share price to go way up next week

I'd say it should go up starting tomorrow. SU's earning blew estimates out of the water with $1.07 per share vs estimates of $0.79. That should help the entire sector.

rpat458 wrote: If CVE can deliver the estimated earnings results, I expect the stock to climb a few dollars after the announcement. I believe .57 is the expected EPS for the last quarter, if you annualize this it represents 2.28 for the year.  At a modest PE of 12 X we would see the price at $27.00.  I've been buying in anticipation of this happening, I hope I'm right. GLTA

 

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