Bullboard - Stock Discussion Forum Cenovus Energy Inc CVE

Primary Symbol: T.CVE Alternate Symbol(s): 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.... see more

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Cenovus Energy Inc > AER sees bitumen volume growth

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Post by mrbb on Jun 25, 2024 4:31pm

AER sees bitumen volume growth

Alberta Energy Regulator predicts production of raw bitumen will grow to 4 million barrels per day in 2033, up from the 3.4 million barrels per day that was produced last year.

Alberta regulator projects 17 per cent growth in oilsands production by 2033

Most of the growth is expected to come not from oilsands mines, but from in situ operations, which use steam to loosen up the oil deep below the surface of the earth.

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Comment by packerdriver on Jun 26, 2024 11:40pm

No surprise there...most of the bitumen that can be accessed by mining now turns out to be way too deep/expensive and require such long timelines to remove the overburden that no investors/partners can be found to finance them.....Teck's proposed Frontier mine is the poster child for that reality.

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