Bullboard - Stock Discussion Forum Cenovus Energy Inc CVE.WS

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

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TSX:CVE - Post Discussion

Cenovus Energy Inc > Trump won't add tariffs to Canadian Oil

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Post by fliptrade on Nov 16, 2024 5:58pm

Trump won't add tariffs to Canadian Oil

I don't trust Trump

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Comment by wkrpradio on Nov 16, 2024 6:08pm

So you trust Trudeau !

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Comment by Quintessential1 on Nov 17, 2024 12:39pm

You don't trust trump to add tariffs or not add tarrrifs to Canadian oil? Either way trump isn't good for the Canadian oil sector. Drill baby drill works for US oil comapnies but it just lowers WTI pricing and most Canadian E&Ps barely survived the last time they did it. This is however when CVE's downstream assets will prove their worth as cheap oil refined into cheap fuel ...more

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Comment by wkrpradio on Nov 17, 2024 11:19pm

You left out one very important piece of information (somewhat like CNN reporting) oil crashed during President Trump's first term due to the Wuhan Virus which devestated the Global economy.

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Comment by Quintessential1 on Nov 18, 2024 7:53am

No johnny sunshine I didn't. trump was elected in 2016 and WTI oil fell to $40 per barrel and had nothing to do with covid which wouldn't happen for another 3 years. In fact peak WTI oil pricing during the "trump" years was $67 per barrel so I hope you like where it is right now. GLTA

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Comment by wkrpradio on Nov 20, 2024 3:55pm

Well Karen just remember that bulls make money , bears make money and pigs usually get slaughtered. Markets move and opportunities abound. President Trump has already got the europeans to buying more US produced LNG . He has lifted Biden's freeze on new LNG terminals. He has commited to scraping the Green New Deal scam. All things considered , this is positive for my holdings ...more

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Comment by Quintessential1 on Nov 20, 2024 8:16pm

Yeah? Which ones? Certainly not this one. GLTA

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Comment by Davesnothere on Nov 18, 2024 2:31pm

Oil crashed at about the same time as the virus wasted the global economy. You left out the fact that it was not because of the pandemic. It was the Saudi''s and Russians who caused oil to crash at that time. Double whammy!

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Comment by mrbb on Nov 20, 2024 7:58pm

one of many objectives of covid19 pandemic is to disable trump and to implement election fraud (allowing mail in ballot. China and EU have their objective as well, not a topic of discussion here) Blaming trump for oil price crash in 2020 is very naive. Trump is pro business. For the record, oil prices started to dip long before the election Nov 5. WTI dipped to 65.72 ...more

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Comment by Quintessential1 on Nov 20, 2024 8:30pm

Yeah, you're right. The whole thing was just a big conspiracy by the entire world to oust trump from office. While he was in power and in control of the most powerful government in the world. Sneaky sneaky bastidges. ;-) You're also correct that the over supply of the US oil market will be good for Canadian oil producers. Not sure what I was thinking. Carry on GLTA

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