Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE.WS | T.CVE.WT | CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | CNVEF | T.CVE.PR.E | 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. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.

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Cenovus Energy Inc > Athabasca Oil Creation of “Duvernay Energy Corporation”

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Comment by ztransforms173on Dec 19, 2023 10:27pm

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Post# 35793064

RE:RE:Athabasca Oil Creation of “Duvernay Energy Corporation”

- $ 18 million CAPITAL INJECTION from CVE in the Duvernay Energy JV (with a 30% interest and ONE (1) out of the FOUR (4) board members} is SMALL POTATOES for Cenovus

- for CVE, this MAKEA A LOT of SENSE as they will get OPERATING SCALE in the JV that they could NOT get on a STANDALONE BASIS

* for example, latest well designs of LATERAL LENGTHS of 4,500 METERS long

- hopefully, they WON'T SELL OUT or DO an IPO until they reach their 25,000 boe/d TARGET (late 2020s) from the PRESENT 2,000 boe/d (75% LIQUIDS) production

z173

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