Cenovus Energy Inc T.CVE.PR.E

Primary Symbol: 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.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 > My trade remains technical...

<< Previous

Bullboard Posts

Next >>

Comment by billrothon Nov 22, 2024 3:12pm

123 Views

Post# 36326575

RE:RE:My trade remains technical...

I agree with you that long term, the absolute support has been at $20.

But, this is "short term" technicals and i may be wrong... but this is what i see. Since mid september, the stock broke below $22 4 times and came right back up above $22 each time with good volume. That's why short term support around $22 seems to be holding... for now !

The last part of your post is fundamental talk. I don't agree nor disagree... My point is just about technicals.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario