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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.


TSX:CVE - Post by User

Cenovus Energy Inc > Simple answer for Woody... REVERSION TO THE MEAN
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Comment by packerdriveron Aug 04, 2024 12:30am
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Post# 36163693

RE:RE:Simple answer for Woody... REVERSION TO THE MEAN

RE:RE:Simple answer for Woody... REVERSION TO THE MEANWell, you said it was "the Dems"...if there is one commodity that enjoys completely unfettered free markets across the world BY LAW AND TREATY....it is the oil market.....
When the oil price is high investors celebrate...but they blame politicians for the high price they pay at the pumps when they fill up (???)....
For a long time I owned oil stocks to solve that problem...high oil price/my stocks made money, low oil price/it was cheap to fill up....it was a win/win situation....
I got out of oil lately because as I said the market has now normalized after the Russian fiasco....and they keep finding oil all over the place these days.....reversion to the mean + sentiment doesn't add up to a good future for the oil price in the medium to long term....so I took my oil money and put it to work somewhere else....I don't fall in love with stocks or sectors
woodsmen wrote: So Little Joe.  Please tell me how WTI Oil dropped $10 of it isn't for the reason I told you?     Please tell me how it dropped $10 in 2 weeks.   I will wait!!!  Thanks!! 



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