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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.


TSX:CVE - Post by User

Comment by JohnSPon Aug 14, 2021 10:12am
298 Views
Post# 33705968

RE:Enbridge notifying shippers of line 3 start-up!!

RE:Enbridge notifying shippers of line 3 start-up!!Thanks, Bloomberg article link, .

Their title is a bit misleading, should be "US section of Line 3 Replacement" as 1) it's a replacement and 2) believe Cdn section has been in service for 1-2 years.

But indeed, Sep start up of US portion would be ahead of schedule:

1) ENB's Q2 Results Presentation page 9 does include EBITDA from Line 3 in Q4 not Q3: Link

2) ENB Q2 Trasncript have AlexP saying "All that to say, we're on track for a Q4 in service. And once we get there, Line 3 will contribute nicely to cash flow growth." Link

Anyway indeed good news, but like most after years of set backs, will believe it when see it starts. Same goes for TMX twining.


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