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Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | 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 ztransforms173on Dec 24, 2024 12:01pm
107 Views
Post# 36376554

TPH BOP (b/d): Foster Creek: UP 10K; Christin Lake: DOWN 3K

TPH BOP (b/d): Foster Creek: UP 10K; Christin Lake: DOWN 3K
TPH Energy Provides Q4 Production Estimates for Oil Sands Companies
 
MT Newswires - Dec 24, 2024 11:23 AM EST

11:23 AM EST, 12/24/2024 (MT Newswires) -- TPH Energy Resources provided Tuesday fourth-quarter production estimates for oil sands companies.

TPH estimates Cenovus' combined (Foster Creek & Christina Lake) FCCL volumes averaged about 454,000 barrels per day (mbpd) in November for a quarterly average of 451 mbpd, compared to TPH's modeled 443 mbpd for the fourth quarter, with Foster Creek up 10mbpd m/m to an estimated 200mbpd for a 195mbpd Q4 2024 average (TPH estimated Q4'24 197mbpd). Christina Lake volumes at 254mbpd were down an estimated 3mbpd m/m for a Q4'24 avg. of 255mbpd (TPHe Q4'24 246mbpd).

Production at Sunrise held flat month over month in November at 53mbpd (Q4 2024 average 53mbpd vs. TPH estimate 60mbpd), while Lloyd volumes sat at near 103mbpd in November with a Quarter To Date average of about 105mbpd (TPHe 110mbpd Q4'24).

Imperial Oil (IMO.TO)'s Cold Lake volumes were up 3 mbpd month over month in November to an estimated 163 mbpd for a fourth-quarter average of 162 mbpd, compared to TPH's projection of 166 mbpd.

Production at Suncor's Firebag operation was down about 4 mbpd to 247 mbpd for a fourth quarter average of 249 mbpd, compared to TPH's estimate of 242mbpd, while volumes at MacKay River were up near 3mbpd m/m to 36mbpd (Q4 2024 average 35mbpd, TPH estimate 35mbpd Q4'24).

According to TPH, CNQ's Kirby projects fell about 2mbpd month over month to 62mbpd (Q4'24 avg. 63mbpd, TPH estimate 67mbpd Q4'24), while Primrose Wolf Lake rose 13mbpd m/m at near 83mbpd -- Q4'24 avg. of about 77mbpd. Lastly, Jackfish volumes increased about 1mbpd m/m to 122mbpd for a Q4'24 avg. of 121mbpd (TPH estimate 115mbpd for Q4'24).

For MEG, the company's September volumes fell 6 mbpd month over month to an estimated 95 mbpd for a fourth quarter average of 98 mbpd, compared to TPH's estimate of 104.5 mbpd for the quarter.

Price: 73.88, Change: +0.82, Percent Change: +1.12

***

z173

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