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Cenovus Energy Inc. (CVE)

NYSE - NYSE Delayed Price. Currency in USD
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14.85+0.46 (+3.20%)
At close: 04:00PM EST
14.96 +0.11 (+0.74%)
After hours: 07:57PM EST
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  • F
    $VLO conversation
    Diesel Markets Are Soaring All Over the World

    Diesel Markets Are Soaring All Over the World

    Fri, January 14, 2022, 5:02 AM
    (Bloomberg) -- Diesel markets are jumping everywhere, a positive indicator for oil prices more widely.

    In Asia, the lowest inventories in years have driven margins from making the fuel to a four-month high. Winter there is chillier than usual and demand for transport, industrial and heating fuels are getting a boost.

    The continent is contending with significantly less supply from China, after the oil refining giant slashed its fuel export quotas in the first allocation for 2022.

    In the U.S., diesel prices have surged to highs not seen since 2014, driving up the cost of trucking, farming and -- in parts of the country -- heating homes. The surge is a blow to the Biden administration’s efforts to tame inflation.

    They’ve surged as U.S. refiners began a heavy maintenance season this month, when stockpiles there are already at eight-year lows. A fire at one of the country’s largest refineries took out even more fuel-making capacity at the end of last year.

    Rising jet fuel demand has also eaten into diesel output in recent months because refiners have scope to toggle between diesel and jet fuel, and they’re increasingly choosing the latter.

    That leaves Europe as the last big diesel-consuming center, and the market is strong there too in part because of the global effect of China’s reduced exports.

    So-called crack spreads, the fuel’s margin to crude, and time spreads that denote the strength of immediate supply-demand balances are rallying hard.

    Despite the strong market in Europe, the continent is still set to send large cargoes of the fuel to the U.S., further tightening the region’s market.

    The strong prices are a positive sign for the wider oil market. Diesel -- consumed in cars, trucks and heavy machinery among other things -- drives the cost of a wider group of petroleum products known as middle distillates that collectively account for about a third of the world’s fuel consumption.

    #MPC, #PSX, #HFC, #CVE
  • d
    Golly Day! WCS is up $3.27 to $71.02 today!. CVE is not an oil company but a money printing machine company.
  • D
    cash flow justifies a much higher dividend. follow Devon's example
  • C
    I can't wait for earnings report. Stock is gonna go to the moon once that get's released. Hard to believe some people are shorting this right now.
  • A
    I am sensing a substantial dividend increase and a massive debt reduction on the next earnings report. The question is how much?
  • R
    So the recent reversal ofthe All Plains Capline pipeline has added a lot of capacity to send Canadian oil sands crude south for export through the US gulf coast port at LOOP.
  • E
    what is the possible price that CVE may reach ?
  • d
    CVE paying off 3.80% due September 2023 and 4.00% due April 2024.
  • S
    7.632 million shares re purchased by Cenovus in Dec. 2021. Bullish, Bullish, Bullish..
  • B
    Man I love CVE ❤️
  • v
    When’s a good time to buy more ? You think there will be a pull back? I’m at $8
  • S
    Newbie here....pleased with my stock purchase today! Up!!
  • R
    I bought this GEM 20 months ago at $4, best move of my life! I regret not having bought more though, could have gained half a million $. But I’m still holding my shares, this is going to reach $30 IMO. Go CVE Go
  • T
    Hopefully we see a Gigantic dividend sometime this year
  • C
    After hours up another 1.21 percent, LMAO!
    This is my favourite stock! :D Go baby go!!!
  • D
    The Husky acquisition is gravy! No one talks about this perfectly times move.
    IMO, share price will reach $20 USD later this year, based on the already low 12X PE multiple for major Oil players.
  • M
    Mike Hawk
    My avg is $11. Would you guys buy more at this price? I’m thinking of dumping riocan with a profit and picking more CVE up.
  • F
    $VLO conversation
    Wow...S&P 500 Energy Index Fund was up 10.61% last week according to the WSJ. More to come in 2022!

    #MPC, #PSX, #HFC, #COP, #CVE, #ENB
  • D
    Latest news wrt redeeming notes due 2023 and 2024 is remarkable! One more step to goodbye debt.
  • P
    CVE.TO will hit 25 before summer 2022.