Cenovus Energy Inc T.CVE.WT

SUPERIOR Refinery ONLY Became STABLE In EARLY October !

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In U.S. Manufacturing, crude utilization was 88% in the third quarter, with throughput of 555,900 bbls/d, compared with 70% and 442,500 bbls/d in the second quarter. The Toledo Refinery performed well following its restart in the second quarter, and at the Superior Refinery, the full and stable start-up of the fluid catalytic cracking unit was achieved in early October after operational challenges in the second quarter.

Crude utilization in the Canadian Manufacturing segment was 98% with throughput of 108,400 bbls/d in the third quarter, compared with crude utilization and throughput of 86% and 95,300 bbls/d in the second quarter. Both the Lloydminster Upgrader and Lloydminster Refinery operated at or near full capacity, with utilization rates of 99% and 96%, respectively.

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- for those who DON'T KNOW: * Superior Refinery EXPLODED and BURNED DOWN under Husky Energy - was COMPLETELY REBUILT and is able to PROCESS HEAVY OIL (WCS) at a CAPEX of NEARLY USD 1,000 million PAID MOSTLY by the INSURANCE COVERAGE - so it is STARTING and RAMPING UP with BRAND NEW UNITS and PROCESS FACILITIES z173

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one more thing: - it is a HIGHLY PROFITABLE PRODUCER of ASPHALT Z173