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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

Post by Franman184on Jun 24, 2022 7:58am
514 Views
Post# 34779577

Smokescreen the last two weeks

Smokescreen the last two weeksJust my opion - The world is using more oil then can be supplied. The Russians are selling just as much oil if not more then before the Ukraine war. They are making more money than before the start of the war with a 20 to 30 percent discount to world prices. Gasiline in the USA is selling at the equivalant of $170 crude oil because of a lack of north american refining. China has only started to ramp up thier economy again. Canadian oil and gas companies are making a boat load of cash and if thier smart they are paying down debt and retiring shares. Long Canadian oil  !!
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