Cenovus Energy Inc T.CVE.WT

BP/CVE Toledo Refinery Fire

[JohnSP]

Aug 8, 2022 CVE PR that buying 50% of Toledo that didn't own and taking over operatorship with effect May 1, expect close Q4.

Today explosion, fire, 2 injured: https://www.zerohedge.com/commodities/explosion-rocks-bp-refinery-ohio

[meritmat]

Two dead. 

[HighOctane89]

Does anyone else find it odd that this story has not made it to any of the business channels ? A refinery fire , how is that not news worthy ? Generally when workers die the press is all over it .......... would it be they would have to acknowledge the loss of 3.8Mbpd of gasoline production ? The refinery only uses 160,000bpd of crude but the loss of gasoline production will add up .

[JohnSP]

I find it sad that there is no Press Release of condolences on CVE's website, and on Twitter CVE did acknowledge deaths but labelled the Refinery BP-Husky: https://twitter.com/cenovus/status/1572629462344257537 They should take better ownership of this event, suspect Lawyers involved.

[meritmat]

There not the Operators John.  I'm sure there legal team has instructed them not to say anything.   This is BP mess

[meritmat]

Remember this happened in the USA the land of the law suite 

[autofocus111]

Good point. I wonder if CVE has clauses in their buyout offer to handle a case where there was clear negligence by BP that disrupts the facility operations.

[meritmat]

Maybe they will sell there other refinery that Cve owns 50% in also. 

[rad10]

This will have to be renegotiated.