Cenovus Energy Inc CVE.WS

Primary Symbol: T.CVE Alternate Symbol(s): CVE | 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 > Trump won't add tariffs to Canadian Oil

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Comment by wkrpradioon Nov 17, 2024 11:19pm

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Post# 36317495

RE:RE:Trump won't add tariffs to Canadian Oil

Quintessential1 wrote: You don't trust trump to add tariffs or not add tarrrifs to Canadian oil?

Either way trump isn't good for the Canadian oil sector.

Drill baby drill works for US oil comapnies but it just lowers WTI pricing and most Canadian E&Ps barely survived the last time they did it.

This is however when CVE's downstream assets will prove their worth as cheap oil refined into cheap fuel still provides decent margins.

GLTA

You left out one very important piece of information (somewhat like CNN reporting) oil crashed during President Trump's first term due to the Wuhan Virus which devestated the Global economy.

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