Cenovus Energy Inc T.CVE

reality check

[mrbb]

the beauty of oil producers with downstream operation is the rarely talk about juicy crack spread which is still $52.89/bo today, that's still 2.65X of historical mean of $20/bo. Compare this with $110 WTI today versus $60 before the start of the oil run, that's a only a 1.83X.   Crude oil is quite useless without refinement and refinery capacity is fixed. Disruption from hurricanes, fires and turnaround can impact petrol prices alot more than WTI price variation.  

Looking at the oil price drop today, it didn't hit WCS hard at all but the oilsand producers got hit hard on WTI and Brent price drop.  

June 17, 2022 at the time of posting
 

WTI Crude 110.22 -7.26 -6.17%

Brent Crude 113.59   -6.22 -5.19%

WCS            101.15   -0.06    -0.06%

[autofocus111]

mrbb Where did you pull these quotes from? I see WTI 110.01 Brent 113.14, and WCS closed at 91.51 https://www.oilsandsmagazine.com/energy-statistics/real-time-oil-prices-wti-brent-wcs-energy-stocks#oilprices

[mrbb]

thanks for pointing that out. I got the quotes form oilprice.com Oil Price Charts | Oilprice.com I just noticed it was 19 hours delay quote, my oversight on the small print I'll be more careful next time on the small print Western Canadian Select 101.15 -0.06 -0.06%  (19 Hours Delay) Western Canadian Select 101.15 -0.06 -0.06%(19

[Quintessential1]

So after the WCS is run through the upgraders acquired with Husky what is it sold as then WTI Brent or a SYNCrude derrivitave and is there a seperate price  for that? GLTA Longs

[autofocus111]

Quint SCO 118.01. The price is listed in the link I posted previously. The Lloydminster complex (upgrader+refinery) also produces asphalt and other intermediate products.

[Quintessential1]

Thanks for the info auto.  Just going to post a hyperlink to that site just in case there are more that are as lazy as me and did not copy and paste it in. https://www.oilsandsmagazine.com/energy-statistics/real-time-oil-prices-wti-brent-wcs-energy-stocks#oilprices How much production is currently run through the upgrading plant and is it at full capacity? Just wondering if they have any