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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 downwithdotcom1on Nov 21, 2024 1:48pm
158 Views
Post# 36324268

scathing comments from Eric...

scathing comments from Eric...and justifiably so...said CVE was his "worst call" of 2024... Good for him!!! Sold for a tax lost to off-set other gains. He said  that the continuing on going problems with US refining has seriously damaged management's reputation in the market even thou it only represents 15% of their business...My words, remember the refineries are supposed to be part of their so-called "value chain" where they were gonna maximise the spread between the major input cost, oil, which they mostly self supply and the refined products...i don't care about FIFO accounting blah, blah -SUNCOR did well and the stand alone refiners are still ecking out profits ...why can't CVE?? 

Eric says he still has high hopes for CVE and plans to get back in bacause of their asset qualities...time will tell. Hope the CEO and their management team have gotten the message..

CVE current price , $22.70 ish ... enough said...dwdc
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