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

Cenovus Energy Inc > Hedges

<< Previous

Bullboard Posts

Next >>

Comment by autofocus111on Apr 11, 2022 1:08pm

270 Views

Post# 34594196

RE:Hedges

@Margin The average strike price of their hedges is ~$70. Unless you think we're headed below that over the next year, it still makes sense to close out the position. FYI: Here's their oil hedges at year-end from Note 36 of year-end financial statements.

>>>Net Fair Value of Risk Management Positions As at December 31, 2021 Crude Oil and Condensate Contracts

Notional Volumes
Terms
Weighted Average Price
Fair Value Asset (Liability)

WTI Fixed – Sell 61.8 MMbblsJanuary 2022 - June 2023
US$72.19/bbl
(188)

WTI Fixed – Buy 25.3 MMbbls
January 2022 - June 2023
US$71.55/bbl
94

<< Previous

Bullboard Posts

Next >>

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide