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Cenovus Energy Inc T.CVE.WT


Primary Symbol: T.CVE Alternate Symbol(s):  CVE | CVE.WS | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Energy Oil & Gas Integrated
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

Cenovus Energy Inc
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•••
Post by ztransforms173on Feb 15, 2024 2:29pm
332 Views
Post# 35882431

CC: 3-2-1 CRACK SPREADS (ODD: They NEVER MENTION Whiting) ?

CC: 3-2-1 CRACK SPREADS (ODD: They NEVER MENTION Whiting) ?3-2-1 CRACK SPREADS:

- Q4/2023: USD 13.24 per barrel

- DECENVER 2023: USD 7.65 per barrel

- JANUARY 2024: USD 5.50 per barrel

February 1, 2024:

* LARGE BP Whiting Refinery LOSES POWER and SHUTS DOWN (STILL NOT OPERATING}

- IMMEDIATE ~ USD 15 INCREASE in 3-2-1 CRACK SPREADS to VERY HIGH TEENS in USDs per barrel

^^^

- WEST WHITE ROSE is 75% COMPLETE

- NARROWS LAKE TIE-IN to Chistina Lake FACILITIES IS 45% COMPLETE

- SOLVENTS- SAGD are NOT a BIG FACTOR in CVE since their BITUMEN RESERVOIRS are NICE and THICK with ONLY STEAM REQUIRED to HAVE a GOOD RECOVERY

* they have THEN IN THE TOOLBOX, should they be REQUIRED; IN THE FUTURE

- they are VERY UPBEAT on Sunrise SAGD {NOW in the BOP RANGE of 45,000 -50,000 bbls/d} as their INFILL DRILLING WELLS and LONGER LATERALS (compared to HUSKY ENERGY) will TAKE THEM UP TO and HIGHER than their NAMEPLATE CAPACITY BOP of 65,000 bbls/d 

z173


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