Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Quintessential1on Sep 21, 2023 5:36pm
241 Views
Post# 35648256

RE:RE:CVE 50% OWNED Borger TX Refinery SHUTTING DOWN In October

RE:RE:CVE 50% OWNED Borger TX Refinery SHUTTING DOWN In October Planned maintenance at this time of year makes sense as there is always a chance for shut in production from hurricanes anyway.

I have always been curious about the 50/50 operations.  How they came about and why and then if those reasons were so good why they would want to end the 50/50 partnership (unless of course there was a deal to be had). 

Also even though the two refineries are of different capacities could a deal not be made for one to take one and one to take the other plus cash either way? 

Otherwise carry on carrying on. 

GLTY and all
ztransforms173 wrote: - one more thing:

* Cenovus Energy would LIKE TO BUYOUT the 50% share of WRB Refining held by Phillips 66 but UNFORTUNATELY PSX is a VERY SKILLED OPERATOR who KNOWS the INTRINSIC VALUE of the Wood River and Borger refineries and is EITHER NOT WILLING TO SELL or is DEMANDING a VERY HIGH PRICE that CVE CAN'T CONTEMPLATE PAYING

PSX is NO BP

z173




<< Previous
Bullboard Posts
Next >>