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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

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

Comment by downwithdotcom1on Sep 15, 2024 10:11am
256 Views
Post# 36224352

RE:Nuttall Details

RE:Nuttall Detailswow...watched this latest Nuttall appearance and noted that Eric had a more sobering view this time for BOTH oil and gas pricing. Dropping demand for oil is REAL and once again, MASSIVE nat  gas overproduction ie supply is hurting natural gas. He in fact pointed out that cdn nat gas producers will be facing NEGATIVE AECO pricing in the weeks ahead (i'm assuming because CDN storage will be completely filled  by then). His call again was that the paper oil traders are THE MOST BEARISH IN RECENT HISTORY even thou worldwide inventories are at their lowest in this same time frame-problem is the paper oil trading is 100x larger than physical oil markets and thus this is what is driving oil prices lower. I thought i heard his fair numbers were $75 WTI and $3.50 nat gas based on fundamentals..RIGHT NOW, THOU, THIS IS JUST NOT REALITY...again, so blame this on the small group of criminal "shotcallers" for the state  we're in...looks like tough sledding ahead if we can't hold $70 WTI...dwdc
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