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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.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

TSX:CVE - Post Discussion

Cenovus Energy Inc > SPR Refill
View:
Post by andy604 on May 13, 2023 6:50pm

SPR Refill

The U.S. Administration could begin crude oil repurchases to fill the Strategic Petroleum Reserve as early as in June, after a Congressionally-mandated sale from the SPR is completed next month, U.S. Secretary of Energy Jennifer Granholm said on Thursday.  

“That congressionally mandated sale of 26 million barrels will be completed by June, and it's at that point where we will flip the switch and then seek to purchase,” Granholm said during a hearing in the U.S. House of Representatives.  

Comment by Diligent2 on May 14, 2023 6:36am
Do I believe her ?  NOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Comment by Quintessential1 on May 14, 2023 2:43pm
There is some conflicting information out there. "The US decision to cancel the previously mandated sale of some 140 million barrels and begin purchasing crude later this year to refill the strategic cache halted the slide." https://ca.finance.yahoo.com/news/oil-holds-two-day-surge-031401292.html "Oil extended its rally for a fourth day, reversing course midday to climb after the ...more  
Cenovus Energy Inc