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 > company should announce the bad news...

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Comment by Power1on Jan 12, 2024 4:15pm

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RE:RE:company should announce the bad news...

If there was bad news/rumor, i would suspect a broader selloff accross more traders.

Sellng pressure is not accross all brokers. It's concentrated to 3 today. Scotia, Goldman and Anonymous.

The selling does look strategic/purpose driven in my opinion. If there are more shares to unload, absent buyers to digest the shares, we may see a new 52 week low next week. All my opinion.

Who knows. Maybe there is a skeleton in the closet.

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