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

Energy Oil & Gas Integrated

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 > This morning's G&M

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Comment by PabloLafortuneon Apr 28, 2022 9:52am

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Post# 34638548

RE:This morning's G&M

Firing on all cylinders but personally,I have no faith long term in US refining. Capital intensive business that isn't that profitable, isn't reliable production wise, exaggerated synergies, exacerbates downturns and should be at the bottom of any capex list (safety excepted). Much rather grow/acquire upstream, grow Cdn refining (can you imagine investing $300M in Cdn refining instead of Superior???) and grow offshore.

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