TSX:CVE (Cenovus Energy)
About CVE
Cenovus Energy, Inc. is a Canadian-based integrated energy company, which engages in the provision of gas and oil. It operates through the following segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Corporate and Eliminations. The Oil Sands segment is involved in the development and production of bitumen and heavy oil in northern Alberta and Saskatchewan. The Conventional segment includes assets rich in NGLs and natural gas within the Elmworth-Wapiti, Kaybob-Edson, Clearwater and Rainbow Lake operating areas in Alberta and British Columbia and interests in numerous natural gas processing facilities. The Offshore segment operates, explore, and develop activities in China and the East Coast of Canada, as well as the equity-accounted investment in the Husky-CNOOC Madura Ltd. (HCML) joint venture in Indonesia. The Canadian Manufacturing segment owns and operates Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products. The U.S. Manufacturing segment consists of refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products at the wholly-owned lima Refinery and Superior Refiner, the jointly-owned Wood River and Borger refineries and the jointly-owned Toledo Refinery. The Corporate and Eliminations segment refers to the Cenovus-wide costs for general and administrative, financing activities, gains, and losses on risk management for corporate related derivative instruments and foreign exchange. The company was founded in 1881 and is headquartered in Calgary, Canada.
Cenovus Energy (TSX: CVE) Latest News
Energy Stocks
Canada as an Energy Superpower: The Stocks I’d Buy Today
Energy Stocks
Strait of Hormuz Tensions Keep Oil Prices Elevated: 3 Canadian Energy Stocks to Watch
Energy Stocks
Gas Prices Are Driving Inflation Higher: Are TSX Energy Stocks the Winners?
Stocks for Beginners
5 Canadian Stocks I’d Buy Right Now
Energy Stocks
Cenovus Energy Plans to Buy Athabasca Oil for $5.7 Billion: Is the Stock a Steal Before the Deal?
Energy Stocks
Cenovus Just Paid $5.7 Billion for Oil Sands Growth: Should Your TFSA Follow?
Stock Market
TSX Today: What to Watch for in Stocks on Tuesday, October 6
Dividend Stocks
How to Build a Monthly Paycheque Portfolio With Only 5 Stocks
Energy Stocks
Where Will Cenovus Stock Be in the Next 3 Years?
Energy Stocks
Should You Buy Canadian Oil Stocks Now, or Is $100 Crude Already Priced In?
Dividend Stocks
Here’s How I’d Turn $40,000 Into Consistent TFSA Income