Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE.PR.B

Primary Symbol: T.CVE Alternate Symbol(s): CVE.WS | T.CVE.WT | CVE | T.CVE.PR.A | T.CVE.PR.C | T.CVE.PR.E | CNVEF | 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

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Cenovus Energy Inc > A little WCS History

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Post by andy604 on Apr 27, 2024 8:20pm

A little WCS History

Western Canadian Select

Western Canadian Select (WCS) is a specific crude oil product used as a benchmark for most Western Canadian crude oil blends. WCS is a heavy sour blend of bitumen blended with synthetic sweet crude and condensate. WCS is mainly produced by Cenovus Energy, Canadian Natural Resources, Suncor Energy, and Repsol. These four companies created the WCS stream in 2004. WCS is primarily traded in the Husky oil terminal in Hardisty, Alberta.

WCS often trades with a sizable discount to WTI. This discount is partly because of the higher cost of refining heavy oil compared to light oil and sour crude compared to sweet crude. But a more significant portion of this discount is because of limited transportation capacity from northern Alberta to oil markets.

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