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Cenovus Energy Inc T.CVE.PR.B


Primary Symbol: T.CVE Alternate Symbol(s):  CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | 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 andy604on Sep 12, 2024 3:41am
189 Views
Post# 36219796

Shut ins prices WCS steady pricing

Shut ins prices WCS steady pricing
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) tightened slightly on Wednesday:

 

* WCS for October delivery in Hardisty, Alberta, settled at $13.65 a barrel below WTI, according to brokerage CalRock, having settled at $13.80 a barrel under the benchmark on Tuesday.

* Canadian heavy crude prices are holding relatively steady so far this month, while volatile moves in the global WTI market have driven down the outright price of WCS, which was just under $54 a barrel.

* Global oil prices climbed more than 2%, driven by fears of lengthy production shutdowns in the U.S. offshore oil patch, which Hurricane Francine was barreling through on the way to landfall in Louisiana.

(Reporting by Nia Williams in British Columbia; Editing by Alan Barona)


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