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 > Cenovus looks cheap

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Post by andy604on Apr 16, 2023 1:33am

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Post# 35397083

Cenovus looks cheap

Cenovus completed the payment on The Ohio refinery for $350m on Feb 28 2023, and then there is the White Rose platform in NF, the cost is about $3 billion , 60% Cenovus and 40% Suncor , first oil from the platform /extention will be in 2026, cost of labour etc is very expensive but they got a break on taxes depending on output. Plans are for 80,000 b/d sold at Brent prices.