Cenovus Energy Inc CVE

Primary Symbol: T.CVE Alternate Symbol(s): CNVEF | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G | CVE.WS | T.CVE.WT

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 > Oil

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Comment by Quintessential1on Aug 07, 2024 9:20am

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Post# 36167268

RE:RE:RE:RE:Oil

Just waiting on EIA data to hopefully confirm the lower than expected inventory build shown by API data.

WTI crude oil futures rose to around $73.6 per barrel on Wednesday, erasing earlier losses and rising for the second straight session, underpinned by persistent supply-side concerns. Reports indicate that Hamas has appointed Yahya Sinwar as its new leader, raising concerns that this could provoke Israel and escalate tensions into a regional conflict, potentially threatening oil supply. Also, Libya’s largest oil field, Sharara, announced a reduction in production due to protests and security issues, adding to supply worries. Meanwhile, limiting the gains, API data showed that US crude oil inventories rose by 0.18 million barrels for the week ending August 2nd, marking the first increase in five weeks but falling short of market expectations of a 0.85 million barrel rise. Additionally, there are lingering fears about a potential recession in the US and weak demand from China.

https://tradingeconomics.com/commodity/crude-oil

GLTY and all

Quintessential1 wrote: I have them with a 0.180M build on a forcasted 0.850M build so bullish. With 3 previously larger than expected draws I think this is about as good as can be expected.

https://ca.investing.com/economic-calendar/api-weekly-crude-stock-656

GLTY and all

downwithdotcom1 wrote: Usual newsfeeds don't have the API numbers out yet..what's the deal???