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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

Post by ztransforms173on Feb 15, 2024 1:07pm
410 Views
Post# 35882211

CC: CEO GAVE GREAT COLOR On US REFINING INTEGRATION

CC: CEO GAVE GREAT COLOR On US REFINING INTEGRATIONToledo Refinery:

- has 90,000 - 95,000 bbls/d of HEAVY CRUDE OIL REFINING CAPACITY out of the TOTAL 160,000 PROCESSING CAPACITY

- it COSTS USD 6.00 per barrel to TRANSPORT BY PIPELINE the CVE WCS from HARDISTY AB TERMINAL (near EDMONTON) to TOLEDO REFINERY in OHIO

Superior Refinery:


has 35,000 bbls/d of HEAVY CRUDE OIL REFINING CAPACITY out of the TOTAL 49,000 PROCESSING CAPACITY

it COSTS USD 4.00 per barrel to TRANSPORT BY PIPELINE the CVE WCS from HARDISTY AB TERMINAL (near EDMONTON) to SUPERIOR REFINERY in WISCONSIN

Refinery Utilization:

- 76% in Q4/2023

- 90+ % as of NOW

* 65-70% (as of NOW ) at Superior Refinery

* Superior is PROCESSING ONLY THE HEAVY CRUDE OIL as the SEMI-REFINED PRODUCTS are NOT BEING PROCESSED

*
they are STILL DEBUGGING that EQUIPMENT as it has BEEN A CHALLENGE TO REACH NAMEPLATE CAPACITY with the NEW KIT (BUILT with INSURANCE MONEY) and the refinery NOT OPERATING for 5 + YEARS {since the FIRE/EXPLOSION}

z173



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