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 > NEW TMX Tolls Could DOUBLE In 2024 Due To High Capital Cost

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Comment by autofocus111on Jun 06, 2023 5:34pm

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Post# 35483278

RE:NEW TMX Tolls Could DOUBLE In 2024 Due To High Capital Cost

No free lunch for CVE and SU. West coast buyers may pay a higher price for the oil than Gulf coast delivery, but this proposed increase in TMX transport fees means less premium than expected will be captured by the producers. Capacity contracts surely had construction cost escalator terms built in so probably no recourse. Fat chance the regulator rejects the higher tolls unless producers can prove there was negligence in the project cost management.

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