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 > What is with the 3% drop?

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Post by riddle5 on Jan 04, 2024 12:58pm

What is with the 3% drop?

Can somebody play explain why this dropped 3%, - nearly or more than two times the percentage drop of other similar and lesser names.

appreciate any valuable insight today's price move.

thanks in advance

Cheers

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Comment by downwithdotcom1 on Jan 04, 2024 7:30pm

Finished near the lows of today..$21.90..multiple stories in play...EIA oil inventories draw higher than expected but both distillites and gasoline inventories saw way higher builds (in my opinion could be much about nothing-some tax considerations, holiday issues this week/end of year stuff). Naysayers of course jumped on this-sky is falling etc. I noticed another snippet from the net ...more

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Cenovus Energy Inc