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 and the Price of Oil

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Comment by AlwaysLong683on Nov 26, 2024 6:09pm

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Post# 36332317

RE:RE:Trump and the Price of Oil

packerdriver wrote:
"Under Biden"??? He took office oil was 37...over the next year it rose into the 60s.....then Putin decided to invade another country....throwing the oil market in turmoil (100) for a while...it's been 70-80 since...but that's still way too expensive for americans filling up at the gas station. ALL presidents want cheap oil given the way americans vote...makes one wonder why they have polling stations down there and don't just have voting drop boxes at gas stations....unless the price of oil is below 50 the incumbent is bound to get turfed! https://tradingeconomics.com/commodity/crude-oil

WTI:

Low $50s when Biden was sworn in Jan 20, 2021 (COVID still an issue).

Between $70 and $80 for most of June to December 2021.

Between $80 and $90 In January to Mid-February 2022.

Putin invades Ukraine on February 22, 2022.

Over $100 to early to July 2022.

Down to $80 by mid-Sept 2022.

$80 or more for most of mid Sept 2022 to mid July 2024.

Currently around $69.

Thus, oil companies have seen prices at $80 or more for most of Biden's term and have benefitted greatly. I suspect you will see much shorter periods of $80+ oil in Trump's term.

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