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