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.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 > Humph - WTI up 3%, CVE down 1%

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Post by JohnSP on Nov 30, 2022 10:39am

Humph - WTI up 3%, CVE down 1%

Pourquoi?

The large share pricve rise yesterday?

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Comment by oilandgasmick on Nov 30, 2022 10:49am

Unfortunately for us, the analysts keep screaming "recession, recession, recession and decreased demand" despite any evidence that demand is decreasing. Meantime a 12mm bbl draw last week. The midterm elections are over and Biden's SPR strategy worked. Now reality sets in.

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Comment by JohnSP on Nov 30, 2022 11:14am

Good points, I just keep reminding myself that I own CVE for the increasing dividend stream.

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Comment by oilandgasmick on Nov 30, 2022 4:37pm

What a bizarre world we live in. Oil up but CVE and SU take a beating today---while bitcoin up sharply.

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Comment by meritmat on Nov 30, 2022 8:08pm

Kinda hoping SU takes another kicking. Torrow X div date for my drip

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Comment by Quintessential1 on Dec 04, 2022 12:31pm

It is not really unfortunate as long as the NCIB is in place and CVE is buying back shares in quantities that are as large as they can afford to. If you look at this as a $40-50 CAD stock by the end of 2023 then these prices (even above $25 CAD) are bargain basement and buybacks are at a 2% tax discount for the next 13 months only and that window is probably too large. When the market ...more

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