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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 parchegon Mar 03, 2022 7:54pm
203 Views
Post# 34481360

RE:RE:RE:Your honest opinion on long term shareholders value

RE:RE:RE:Your honest opinion on long term shareholders value

Well, weighng in here, my comments:
I believe nvestors are nervous only because their brokers moved a lot of their customer assets into renewables along with tech stocks... with  mantra that wd suggest something like: O & G is dead, Go ESG, Go!
Fact is, if you read anything published by Vaclav Smil out of Univ. of Man, in Winnipeg, (and Bill Gates is huge fan BTW) that the world needs energy. Period.
Having mentioned that, I wd also state that my prtfolio is heavily weighted to O& G. I mean look at the positive cash flow: who'd a thunk prices for O& G wd get to cutrrent levels.
And perhaps look at a portfolio rebalance in, say, 5 years or so.
Enjoy the bull run!

 

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