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

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.

TSX:CVE - Post by User

Cenovus Energy Inc > oil stocks not participating in oil's rally yet again!!

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Comment by Quintessential1on Sep 16, 2024 11:27am

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Post# 36225526

RE:RE:RE:RE:RE:RE:oil stocks not participating in oil's rally yet again!!

Traders going to trade and algos are especially going to trade using technicals and they care little for fundamentals.

CVE should be buying as much as the NCIB limits allow as prices won't be here long either way.

GLTY and all

downwithdotcom1 wrote: oil now up a $1.50 and is back above $70 WTI. This brings the bounce above $5 since oil touched $65 last week and in that time the criminal shot callers are STILL selling oil stocks like CVE having briefly gone negative AGAIN today , in CVE's case back below $22...the band is stretching on this NET NEGATIVE bear position by financial oil traders and i hope they get burned HUGE on a position reverse. Meanwhile, the oils stocks are in SELL mode until this happens ...thoughts??? dwdc

PS if you want proof thtat these criminal shot callers are in charge with their AI computer generated programed trading just do an overlay of CVE, BTE and VRN - all 3 slightly up on the opening and then around 09.45 they all get hammered down into the red to put a lid on any break-out ...