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Bullboard - Stock Discussion Forum 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.... see more

TSX:CVE - Post Discussion

Cenovus Energy Inc > Why is this stock stuck?
View:
Post by Vinnie3 on Feb 05, 2021 10:35am

Why is this stock stuck?

Why why why does it not go up as oil prices go up. What is it?
Comment by MustangMatt on Feb 05, 2021 10:50am
Oil is up 10% from Jan 7 and CVE is down 10% in that time. Shorts, naked shorts and more generally a rigged market with no price discovery.  Cheers Matthew
Comment by Maxmoe on Feb 05, 2021 2:35pm
Maybe it's the 2 BILLION shares outstanding. Same reason SU is going nowhere. Retail investors are driving oil stocks not big pension funds. Big guys aren't buying in to this rally yet.
Cenovus Energy Inc
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