Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G | CNVEF | CVE.WS | T.CVE.WT

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 > Saudis warning AGAIN about oil short selling.....

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Post by downwithdotcom1 on May 23, 2023 7:17pm

Saudis warning AGAIN about oil short selling.....

just re-inforced my belief that oil is being manipulated and current pricing is all but ignoring market fundamentals. hit the play button RE:ERIC NUTTALL but i digress...What's interesting is this is their 2nd warning-the 1st was when oil prices temporarily spiked after they annouced surprise cuts to punish short sellers about a month ago. Included in this was the rational that the PAPER for oil trading (futures/options etc) far exceeded trading in the actual physical product and OPEC was going to be more agressive to bring "price stabilty" to oil...maybe good news indeed..dwdc
PS...some of the gassier stocks-CREW, KELT are up 20% from recent lows....go figure.

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