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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.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

Cenovus Energy Inc
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Post by downwithdotcom1on Nov 15, 2023 11:29am
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Post# 35736938

WCS pricing recovering.

WCS pricing recovering.WCS pricing recovering....see below...dwdc

WCS was amost $64 usd back in late OCT and then it dropped to $48 last week driven by heavy oil refinery outages/seasonal maintenance and then this SCAM work stoppage (AGAIN!!) on the TMX pipeline...

good news is the TMX work has resumed and WCS is trading above $55 today...

Sure ooks like this was once again yet another organized assault on oil to drive the price down using the might of the paper markets based on more SCAM "demand is weak" stories. Even the Saudis commented on this, saying the market was ignoring fundamentals again...

So CVE took really a double hit-the manufactured fall in general oil prices and then the widening of WTI/WCS..funny thing thou..isn't CVE supposed to capture this spread thru their refining operations???

SO WHY DID CVE DROP FROM $29's to the $24's???  dwdc
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