RE:RE:trading ex dividend today..- Chistina Lake SAGD is in a MASSIVE TURNAROUND:
* CVE will LOSE a BOP of 45,000 bbls/d for the ENTIRE Q3/2024
- some of the OFFSHORE Atlantic is in a TURNAROUND as is some of the US Refining but the VOLUMES are a LOT LOWER
- more IMPORTANTLY, Cenovus Energy is INVESTING in GROWTH PRODUCTION and the EARLIEST ONE will COME ON STREAM in LESS THAN 15 MONTHS:
* Narrows Lake TIE-IN {17 kilometers PIPELINE} with about
20-30K bbls/d of BITUMEN PRODUCTION using the ALREADY BUILT and OPERATING FACILITIES of Chistina Lake
z173