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

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 > POTENTIAL POSITIVE Benefit To CVE US Refining Margins !!!???

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Comment by JohnSPon May 17, 2021 1:43pm

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Post# 33214931

RE:POTENTIAL POSITIVE Benefit To CVE US Refining Margins !!!???

Smallish refinery but indeed should help refinery margins across US and Canada, not just for CVE.

Every $1 change in crack spread add's USD150 mln per year operating margin to CVE, see slide 25: https://www.cenovus.com/invest/docs/corporate-presentation.pdf

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