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

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 > Jun 10 - Share Price Dropping

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Post by JohnSP on Jun 10, 2021 9:58am

Jun 10 - Share Price Dropping

Volume is high, someone is selling.

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Comment by Dogsbreakfast4U on Jun 10, 2021 10:09am

The 12 dollar range is going to be hard to break. If you look at the charts this marks a major resistance where people who held the stock at 12 bucks a while back are now selling after seeing shares crashing to near zero. We will need a major catalyst to go to $13 and above.

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Comment by oilandgasmick on Jun 10, 2021 10:51am

Agreed-- CVE needs some signifcant asset sales to drive the price to 13+ Those deals can take a very long time to materialize and the market is still in the earlier stages of recovery so it could be a while yet.

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