Cenovus Energy Inc T.CVE

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

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 > unexpected weaker Q2 US refining margins being reported...

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Comment by ztransforms173on Jul 24, 2024 3:17pm

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Post# 36146734

RE:RE:unexpected weaker Q2 US refining margins being reported...

- CVE has a HIGHER CAPITAL EFFICIENCY {the BEST in the Canadian oil space} than MEG for EACH MARGINAL barrel INCREASE in BOP

- however, MEG has the LOWEST OPERATING EXPENSE per UNIT of BOP in Canada

* the COMPOSITE OPERATING COST per unit BOP of Cenovus Energy is SUBSTANIALLY HIGHER than MEG although both Chistina Lake and Foster Creek hace VERY COMPETITIVE OPERATING COSTS due to their INDUSTRY-LEADING SOR

- it is WORTH MENTIONING that ALL of the NATURAL GAS and NGLs PRODUCED by CVE is FOR INTERNAL CONSUMPTION ONLY

z173

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