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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.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

Cenovus Energy Inc > Sell off is overdone
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Comment by downwithdotcom1on Jan 16, 2025 8:53pm
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Post# 36408261

RE:Sell off is overdone

RE:Sell off is overdone unfortunately, the falling shareprice is more and more being driven by rather subdued expected Q4 results mostly caused by more losses in US REFINING..

In the past, i have picked up a side trade at these levels and have always done well-i believe this is the 3rd time that CVE dropped from $29+ to $20 ish in as many years-not this time, waiting for the Trump news 1st and possibly the release of Q4 results. Tax loss selling has been over for 2 weeks, WTI has hit $80 and still CVE is dropping-no reason to buy right now-my opinion....dwdc
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