Cenovus Energy Inc CVE

Primary Symbol: T.CVE Alternate Symbol(s): 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

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 > war premium??

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Comment by packerdriveron Aug 03, 2024 2:14pm

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Post# 36163307

RE:RE:war premium??

Yes and yes? (???) I'd love to hear how "the Dems brought Oil down"....Did they do it by buying 40 million barrels in the market recently...for a total of 180 million put back into the SPR.
Increasing demand in the market lowers the price now? Who knew? !!!!
Next thing we'll know is "Drill, baby drill" will make prices go higher!!!
https://www.energy.gov/articles/biden-harris-administration-purchases-more-4-million-barrels-strategic-petroleum-reserve

woodsmen wrote: Yes and Yes. The USA knows all of this as well, and so the Dems brought Oil down before Iran starts Chucking Bombs. If they would have left Oil Price at $84 like it was just 2 short weeks ago, that would mean we would have $95-$100 oil when Iran starts chucking bombs and the DEMS can't have $95-$100 Oil. So now this way with the Fake beat down of oil price to get it to $73, now when Iran starts Chucking Bombs we will simply just get back to $84 dollar Oil.

That's how a War Premium for Oil Prices works when a presidency depends on it......