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 > Analyst Recommendation

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Comment by cashtango00on Feb 10, 2024 1:02pm

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Post# 35873871

RE:RE:RE:RE:Analyst Recommendation

Q4 is always a weaker quarter and was projected a few months back at about 1.30 CFPS. It is tough to compare CVE and IMO because CVE is having a lot of issues with US refining and q4 is no exception. Earnings this week will spell it out, but given CVE gave some "colour" to analysts about a month ago, and most moved their estimates to about 1.00, i think its a fair bet thats whats coming.

The reality is, IMO is a smaller, but better run operation than CVE and has been for quite some time. Slapping up the 2 on a comparative chart says all you need to see.

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