Cenovus Energy Inc. (CVE.TO)

Toronto - Toronto Real Time Price. Currency in CAD

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24.49

-0.51

(-2.04%)

At close: 04:00PM EDT

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R
Side-ways action for the last two weeks. Official summer right after Canada Day! This should boost demand for fuel. Let’s go!
S
$23s was a blessing! Thank you for the dip!
Bullish
O
Love this company let’s keep it moving
r
Where does everyone see Cve by years end?
S
When is next earnig report? Thanks!
M
Recent pullbacks a buying opportunity..
J
How is it even possible??? Complete manipulation...
It's not like they are losing money, or even not making money.
M
Another 1000 @ 19.30 today. Tried for another 1000 @ 19, but she never got there. :<(
Anything under $20 is a steal.
Time to accumulate is NOW.
S
Do not panic people, try getting a rental car… flights in Canada are full… airports are booming. Nobody I know is allowing gas to dictate their lives, or stop them from life. Everyone pitch in and fill the car, go about your fun or business. It’s not permanent, gas in Vancouver is over $10 gallon, people are still traveling and buying gas. Covid kept us at home, not gas prices.
S
If they want to drop the same amount tmrw I’m totally cool with it! Let me buy more. Oil over $100 and break even is $45. A joke to not accumulate. Earnings going to be the best yet
Bullish
M
CVE price target has been raised to 41 CAD!
A
2.0...CVE one of the better & safer Energy plays going forward at this time...here's my reasoning
1. Refineries does not have the "Hurricane Exposure" that others do, located on the Gulf.. Hurricane season
could be very disruptive this year to an Energy Infrastructure already maxed out !!
2. Upstream (production) crude and oil sands are safer then anything that's coming from the middle east
i.e. Iran blocking the Straights !
3. Any Russian oil imports !!
J
this stock is bleeding- oil is still over 100- must be the momentum playes selling- thoughts?
d
President of CVE was just on marketcall he certainly doesn’t sound bearish:)
N
Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset

Calgary, Alberta (June 13, 2022) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the transaction includes $600 million in cash, a variable payment with a maximum cumulative value of $600 million expiring after two years, and Cenovus’s 35% position in the undeveloped Bay du Nord project offshore Newfoundland and Labrador. The transaction has an effective date of May 1, 2022 and is anticipated to close in the third quarter of this year, subject to closing conditions and normal purchase price adjustments.

Full ownership of Sunrise further enhances Cenovus’s core strength in the oil sands. Sunrise has been operated by the company since the beginning of 2021, following the Husky Energy transaction, and Cenovus is now in the early stages of applying its oil sands operating model at this asset.
R
Is it summer driving season yet? One more week i guess!
W
Buy CVE after dip on Wednesday. There are big money bets on July at 21.47 calls. Strong buy in my opinion.
Bullish
S
These drops how you get rich people don’t sleep on $23.15……. TFSA getting flooded with CVE @23
Bullish
A
This is going to skyrocket from this next week onwards for a while.
Bullish
S
Thank you guys so much!!! Getting to average up at $23!! Wohoooooo
Bullish