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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

Post by retiredcfon Sep 30, 2024 9:03am
646 Views
Post# 36246598

Ink Research

Ink Research

At the sector level, Energy insiders are sending a strong signal that the group is undervalued. The INK Energy Indicator ended Friday a touch over 350%. Earlier this month, the indicator hit 433%, a level not seen since the gloomy spring of 2020. While we understand some economists are concerned about the health of the global economy, insiders are behaving in a manner that is consistent with the view that investors have become too pessimistic on their outlook for oil & gas stocks. Moreover, we expect there is case to be made for the oil group to serve as a hedge to geopolitical risks which seem to be elevated as we start the week.





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