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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.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

TSX:CVE - Post Discussion

Cenovus Energy Inc > the discount is the discount....
View:
Post by packerdriver on Aug 07, 2024 2:12am

the discount is the discount....

Article in the G&M today stated that after a month of TMX being in operation the discount of WCS to WTI is still about 15 bucks a barrel....where it's been normally as long as there are no temporary extraordinary events.
For almost as long as I can remember AB oil cheerleaders have said that the only reason WCS was selling for less than WTI (a great INJUSTICE TO AB) was the lack of pipeline egress capacity and the lack of exposure to markets other than the US market.....Can we once and for all put that bit of delusion to rest??? We've got excess egress capacity, we're selling to markets other than the US...and it's still a 15 buck discount.....The market is the market...it sets the price given quality and how far it has to travel to get to a customer that will use/refine it.....the discount is the discount...it's not some conspiracy against AB...it's not "Ottawa's fault"....it's just the way it is.

Comment by woodsmen on Aug 07, 2024 9:40am
This post has been removed in accordance with Community Policy
Comment by woodsmen on Aug 07, 2024 10:29am
Hopefully Ontario still gets there fair share of equalization.    You would hate to cut yourselves short due to the discount!.   Ya' know it's not "Alberta's Fault" it's just the way it is!!!   The discount is the discount......
Comment by packerdriver on Aug 07, 2024 6:28pm
Ontario??? It gets "pocket change". Hardly any at all in 24-25... https://www.canada.ca/en/department-finance/programs/federal-transfers/equalization.html I'm in BC...we don't get EQ payments either....we don't spend every waking hour whining about it. You either have a "country" or you don't....and we have a very big one.
Cenovus Energy Inc