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Cenovus Energy Inc T.CVE.WT


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

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 downwithdotcom1on May 23, 2023 7:17pm
366 Views
Post# 35461040

Saudis warning AGAIN about oil short selling.....

Saudis warning AGAIN about oil short selling.....just re-inforced my belief that oil is being manipulated and current pricing is all but ignoring market fundamentals. hit the play button RE:ERIC NUTTALL but i digress...What's interesting is this is their 2nd warning-the 1st was when oil prices temporarily spiked after they annouced surprise cuts to punish short sellers about a month ago. Included in this was the rational that the PAPER for oil trading (futures/options etc) far exceeded trading in the actual physical product and OPEC was going to be more agressive to bring "price stabilty" to oil...maybe good news indeed..dwdc
PS...some of the gassier stocks-CREW, KELT are up 20% from recent lows....go figure. 
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