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 > Market Movers

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Comment by PabloLafortuneon Aug 01, 2024 1:22pm

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Post# 36158615

RE:Market Movers

CVE "the best laid plans of mice and men often go awry" has to be the easiest $50B E&P to analyse:

1) Upstream: bang up job.

2) Offshore: makes money

3) Downstream: no profit, lots of capex. Also makes you wonder about transfer pricing.

4) all free cashflow to shareholders (after downstream).

Management actually has only 1 job right now: get rid of 3). Unfortunately, they've been doing the opposite.

I feel this is a poorly managed company but tremendously undervalued at the same time.

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