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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

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 > Irving Oil Refinery in Saint John N.B.

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Post by Kherson on Dec 11, 2024 8:08pm

Irving Oil Refinery in Saint John N.B.

There have been some interesting comments concerning my previous post concerning Cenovus buying the Irving refinery. I firmly believe that a deal has now been agreed upon, but time will prove me right or wrong. Having said that, anyone and everyone should listen to or read the Cenovus 2024 Q3 earnings call with the future addition of the Irving Refinery in the back of your mind and then think about what I am saying!
Kherson

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Comment by downwithdotcom1 on Dec 16, 2024 9:48am

and i say they didn't ...stock would get destroyed if they bought another refinery, in particular this one, with its legacy history....dwdc

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Comment by downwithdotcom1 on Dec 17, 2024 6:51pm

fighting words..dude on BNN says that we may be hitting "peak gasoline" next year and its bad news for refiners..not totally disagreeing with his logic...see for yourself below..dwdc 2025 energy sector outlook – BNN Bloomberg

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Comment by Quintessential1 on Dec 18, 2024 7:10am

Like you said, time will tell. So just the St.John refinery? Any idea if Whitegate in Ireland is on the block? Or any of the other Irving assets? GLTY and all

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Comment by Sako270 on Dec 18, 2024 12:02pm

I doubt that there will be a play for the Irving refinery. what I would like to see is a deal done between: 1) CNOOC to trade Liwan asset holdings for SAGD assets (former Nexen properties). This would end the JV which, from what I've been told, is soon to expire anyway. 2) Deal offshore NFLD to Suncor in a swap for shared lands north of Foster Creek the only transaction involving ...more

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