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.

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Cenovus Energy Inc > CVE/ BNN

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Comment by mrbbon Jan 18, 2024 7:45pm

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Post# 35834985

RE:RE:RE:CVE/ BNN

i agree, CVE acquired HSE during the low market cycle, using stock no cash.
CVE was weak in downstream and acquiring HSE fixed that in 1 move plus more SAGD oil sands assets. Both are into SAGD not mining. LKS has thick skin but lost patience with canadian red tape and regulation, wants out of canada but not oil/gas, so he took CVE shares for hse.

ztransforms173 wrote:

PabloLafortune - (1/18/2024 12:28:04 PM)

RE:CVE/ BNN

I've been down on management for a couple years now see prior posts. Didn't sell because taxes. Never liked US refining for CVE. Husky was a bad deal compounded by what they sold and didn't sell

***

- BUYING Husky Energy was a GREAT MOVE

- ONLY PROBLEM was that they OVERPAID

- US crude oil refineries are GREAT ASSETS but the 50% BP refinery (Toledo) was POORLY OPERATED which is NOW SAFELY in the HANDS of OPERATOR Cenovus Energy

- with the HUSKY BUYOUT, we GOT a BRAND NEW REFINERY COURTESY of the INSURANCE COMPANIES {USD 950+ million CAPEX for Superior Refinery}

- Wood River refinery is a MUST BUY for CVE as it is CAPABLE of PROCESSING 240,000 bbls/d of HEAVY CRUDE OIL (WCS) on a 100% BASIS IF the PRICE IS RIGHT

- a GOOD PICTURE and HISTORY of the Wood River Refinery:

https://madcohistory.org/online-exhibits/wood-river-refinerys-first-100-years/post-shell-at-the-wood-river-refinery/

- being an INTEGRATED PETROLEUM company MAKES YOU a MUCH STRONGER company when the PRICE of CRUDE OIL and NATURAL GAS DECLINES

z173