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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

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.


TSX:CVE - Post by User

Cenovus Energy Inc > IMO
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Post by riddle5on Dec 13, 2022 6:34pm
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Post# 35169725

IMO

IMOApologies in advance as this is not related to CVE- but there is more engagement in this forum...

Can someone please comment or provide a reason why a share price of IMO would drop as drastically as it had Monday- when all other oil companies were rising with the rise of oil over $2 today as well? Especially in light of the fact that IMO just announced they are going to buy back CAD 1.5 billion dollars worth of their own shares for cancellation- for the price of $72.5- $80 -which is also another positive catalyst? Yet the price dropped yesterday by nearly 3% and barely moved today as well.

Thanks in advance to all who provided/shared their insight/opinion and knowledge.

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Dealroom for high-potential pre-IPO opportunities