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 > Am I Reading This Correctly

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Comment by RagingBull3on Jun 07, 2021 10:00am

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Post# 33339438

RE:Am I Reading This Correctly

Here's a link to the corporate guidance, which had many variables, WTI, differentials, exchange rates, natural gas....etc.

Yes, it seems it says for every $ up in WTI that's +250M in AFF, what ever AFF is.

https://www.cenovus.com/invest/docs/2021/corporate-guidance.pdf

All just my opinion/view/thinking/understanding

quote=Fuzman5902]Just took a look @ the Corporate presentation again pg 18 Price assumptions & AFF sensitivities

For every $ change in WTI from $ 46.50 AFF is 250 Million (which I assume is fcf I )

If wti stay's in the 70 range for the rest of the year I see an extra 1.468 B in fcf for Q3 & Q4

Am i Correct.

Regard Fuz[/quote]

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