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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G | CNVEF | CVE.WS | T.CVE.WT

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 retiredcfon Apr 04, 2023 9:24am
406 Views
Post# 35378174

BNN Coverage of Oil Production Cuts

BNN Coverage of Oil Production Cuts

Don't own any of their recommendations but interesting that they don't see the increase as a threat to inflation and it's also "the least loved bull market he's ever seen." GLTA

We might not like it, but OPEC+ 'surprise cut' makes sense: Strategist

Adam Johnson, founder and author of Bullseye Brief, joins BNN Bloomberg to discuss OPEC+ surprising production cuts announcement. Johnson says oil is self-correcting, once prices go down supply needs to get tighter. When it comes to the stock market, Johnson says 'no one ever believes it', but this could be the start of a new bull market.

https://www.bnnbloomberg.ca/video/we-might-not-like-it-but-opec-surprise-cut-makes-sense-strategist~2659573
 

Oil supply will continue to disappoint, price will eventually hit all-time highs: Josh Young

Josh Young, founder and CIO at Bison Interests, tells BNN Bloomberg there has been significant underinvestment in oil exploration, and that current trends of all-time high production cannot be sustained. He says prices will have to move higher to support production. He notes oil prices are still down year over year despite the jump after OPEC+ announced output cuts. He explains why Vital Energy (VTLE NYSE) and Journey Energy (JOY TSX) are poorly understood stocks with enormous upside potential.

https://www.bnnbloomberg.ca/video/oil-supply-will-continue-to-disappoint-price-will-eventually-hit-all-time-highs-josh-young~2660191

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