Bullboard - Stock Discussion Forum 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

Energy Oil & Gas Integrated

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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TSX:CVE - Post Discussion

Cenovus Energy Inc > Q3/2024 CC: RELEASE Of $ 600 Million In WORKING CAPITAL

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Post by ztransforms173 on Oct 31, 2024 11:23am

Q3/2024 CC: RELEASE Of $ 600 Million In WORKING CAPITAL

- the WORKING CAPITAL SURPLUS was USED ENTIRELY to BUY BACK CVE shares in the NCIB - the HUGE Chistina Lake TURNAROUND was COMPLETED EIGHT (8) DAYS EARLIER than 'EXPECTED' * as a RESULT, BOP in Q3/2024 was 15,000 to 20,000 bbls/d HIGHER than 'EXPECTED' - the Chistina Lake 17 kilometers TIE-IN to Narrows Lake was MECHANICALLY CONNECTED and the WHOLE PROJECT is NOW 93% COMPLETED * STEAMING will START in April 2025 when the OUTSIDE TEMPERATURES are WARMER and FLOWING BOP will BEGIN in ~ June 2025 * NOMINAL BOP @ Narrows Lake is 'expected' to be in the 20,000 to 30,000 bbls/d RANGE EXITING in 2025 - CVE is NOW SHIPPING the FULL 125,000 bbls/d CONTRACT CAPACITY on the TMX - SEAROSE FPSO has LEFT Ireland and is 'EXPECTED' to be ON SITE within 2 to 3 DAYS - it will take about 30 to 45 DAYS to PERFORM ALL the CHECKS and CONNECTIONS AFTER WHICH it can START DRILLING z173

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