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

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TSX:CVE - Post Discussion

Cenovus Energy Inc > Oil up 1%

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Post by Stockstag1 on Jun 14, 2021 8:57am

Oil up 1%

Not selling , still accumulating

Cheers The Stag:)

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Comment by JohnSP on Jun 14, 2021 10:17am

I also bought more last week as CVE is still crazy undervalued. Look at today, oil goes up 1%, and CVE's share price only goes up 1%, huh? CVE is a IMO a geared play on oil price, as per their last presentation slide 3, their Q1 Adjusted Funds Flow was CAD1141 mln or CAD4564 mln annual, and as per slide 26, for every USD1 increase in WTI their AFF increases by CAD250 mln annual, or 5.5%. So ...more

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Comment by TopStockBuy on Jun 14, 2021 10:41am

Ya, it's completely crazy...unbelievable. $20 is where we should be today. This is the most undervalued oil play. I guess we need a couple quarters for people understand how lucrative this company is today.

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Comment by JohnSP on Jun 14, 2021 11:00am

Agree, for CVE to gap up in share price will need something large like: 1) big non-core asset sale or swap to COP, or 2) sadly another war in Middel East or 3) Q2 results @ July 23 +/- to be huge.

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