Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | 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 > Higher Spending, Higher Production ???

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Comment by CanadianKiaon Jan 28, 2021 9:09am

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Post# 32407770

RE:RE:Higher Spending, Higher Production ???

I think that's exactly what they are doing. Ofcourse the spending will be higher when you have merged.

Overall, there are synergies and their monatized. the reality is the oil should be in the 50-60 range by end of year (hopefully higher), so they need to max out their output while they can.

RagingBull3 wrote: Wait..... Maybe this article is comparing apples to oranges... Premerger production to Post Merger production.

Of coase spending and production will be higher, you're adding Husky's production and expenses!

All just my opinion/view/thinking.

RagingBull3 wrote: https://www.msn.com/en-ca/money/topstories/cenovus-forecasts-higher-2021-spending-production-following-husky-deal/ar-BB1dazzJ

LOL.... Ya... I'm not buying back any time soon.

If oil was $80+ per Barrel.... Sure increase production.... But it's in the $50s !!!!

All just my opinion/view/thinking.