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 > OPEC +

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Comment by mrbbon Oct 05, 2022 2:49am

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Post# 35005931

RE:OPEC +

opec knows they finally got back control on the world oil price. With russian oil being limited to black market, US shale oil is petering out, canadian oilsand still land locked, fear of new investment around the world due to ESG and anti oil sentiment, nuclear will takes many years to bring on, why give away their precious non-renewable oil for cheap? Prior to covid, $70-75 brent was opec target price range but i believe opec now want a $90 floor for brent. Saudia is now aligning support toward the BRICS nations there is no desire to max out production to bring down oil price just to please US administration

Transition to EVs will take longer than expected due to rising NG/electricity and lithium/nickel prices. The demise of oil and gas was greatly exaggerated.

retiredcf wrote:

The fact OPEC+ is meeting in person means they're serious about something: Strategist

Jan Stuart, global energy strategist of Piper Sandler & Co., joins BNN Bloomberg to share his thoughts on the upcoming OPEC+ meeting, and the possibility of a cut in the oil output quota.

https://www.bnnbloomberg.ca/video/the-fact-opec-is-meeting-in-person-means-they-re-serious-about-something-strategist~2533664