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.

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Cenovus Energy Inc > Trump won't add tariffs to Canadian Oil

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Comment by Quintessential1on Nov 20, 2024 8:30pm

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Post# 36322895

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

Yeah, you're right.

The whole thing was just a big conspiracy by the entire world to oust trump from office.

While he was in power and in control of the most powerful government in the world.

Sneaky sneaky bastidges. ;-)

You're also correct that the over supply of the US oil market will be good for Canadian oil producers.

Not sure what I was thinking.

Carry on

GLTA

mrbb wrote:
one of many objectives of covid19 pandemic is to disable trump and to implement election fraud (allowing mail in ballot. China and EU have their objective as well, not a topic of discussion here) Blaming trump for oil price crash in 2020 is very naive. Trump is pro business.

For the record, oil prices started to dip long before the election Nov 5.
WTI dipped to 65.72 USD on Sep 9, not trump fault
67.17 USD on Sep 25, not trump fault
68.8 USD Oct 19, not trump fault

71.91 USD Nov 6, 1 day after election. If the market truly believe trump gonna flood the market with oil, WTI would have crashed to 40-50's level after the election. On the other hand, if you truly valued trump's word, you should have BTC ready because BTC (and altcoins) rocketed. Most crypto stocks 1.5-2.5X from Nov 6. Too bad you didn't capitalized what he said about BTC.

Opening up exploitation of public lands has many obtacles, not a slam dunk for drillers
How Trump's plan to expand drilling, logging on federal land could be thwarted

wkrpradio wrote:
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.