Bullboard - Stock Discussion Forum Cenovus Energy Inc CVE

Primary Symbol: T.CVE Alternate Symbol(s): 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.... see more

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TSX:CVE - Post Discussion

Cenovus Energy Inc > now down $1.50 ..why???

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Post by downwithdotcom1 on Aug 01, 2024 11:53am

now down $1.50 ..why???

Even with their $4 bill net debt target acheived allowing the return of 100% of their FCF to shareholders. Also, looks like all around good news on their UPSTREAM production

Problem (once again) is missed numbers largely due to refining..quell surprise. A bit of harsh reaction..maybe caught up in today's general market sell-off including a number of oils are down 5% . This continues the ongoing DISCONNECT between the physical supply/demand and the much larger paper trade even with things heating up in the middle east again...dwdc

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