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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CNVEF | CVE | 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

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

Post by Quintessential1on Aug 21, 2024 7:36am
197 Views
Post# 36189347

Rail strike?

Rail strike?How much oil does CVE move by rail?

Is there enough extra pipeline capacity to handle the lost rail capacity in case of a strike?

If not will that raise or lower WCS pricing especially with API data showing a surprise build?

Does the US have any say over the CPKC line that enters the US and Mexico?

Could it be short term bullish for CVE?

The only way I can see how it would be is if oil inventories dropped, WTI/WCS pricing went up. 

Not sure how you move the finished products out of refineries...of course that would only mostly affect Canadian refineries but some of the US refinery product moves back into Canada...by rail?

Always exciting and interesting in this sector.

Let's hope they can stave off a strike and if not that it doesn't persist,

GLTA


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