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 > CC: WOW !!! STORM Is BREWING In US Refineries Segment !!!???

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Comment by PabloLafortuneon Feb 08, 2022 12:44pm

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Post# 34409135

RE:CC: WOW !!! STORM Is BREWING In US Refineries Segment !!!???

Im not sure what to think of the fact that netting out capex and asset sales in 2021, investment was actually negative in upstream despite rising oil (and gas) prices and huge cash flow. Whereas they investing heavily in downstream (and apparently want to invest more?) despite all the operational issues and negative cashflow. It seems to be the opposite of what good management should be doing (feed the winners, starve the losers). Go figure.

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