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Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

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

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

TSX:CVE - Post Discussion

Cenovus Energy Inc > CVE and SU need to reject Transmountain outrageous prices
View:
Post by andy604 on Aug 09, 2023 4:21pm

CVE and SU need to reject Transmountain outrageous prices

Trans Mountain, a Crown corporation, had submitted an application to the Canada Energy Regulator in June that included toll rates that had increased from $4 a barrel, set in 2013, to close to $11 per barrel now. The increases are based on the latest cost estimate for the project, which has risen six-fold from around $5 billion to $30.9 billion.
Comment by ztransforms173 on Aug 09, 2023 6:29pm
- the CER will decide but do NOT expect miracles as the BITUMEN SHIPPERS {WCS and AWB producers} can ONLY CONTEST the PERMITTED DESIGNATED EXPENSES factored into the tolls - with a total cost of ~ $31 billion even if they are SUCCESSFUL in DISALLOWING $ 1 billion in inflated costs {like $ 150,000 for moving an ANT HILL}, the transportation tolls will STILL BE in the order of USD 7.50 to USD 9.80 ...more  
Comment by Quintessential1 on Aug 10, 2023 5:37am
Well they can by not using it but if they get better pricing for WCS shipping west than they do south I think that choice will be obvious. GLTY and all
Cenovus Energy Inc
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