Estimates and NAV updated post 4Q15 results and annual reserves disclosures. Reduced capex, reduced dividend, and new hedges have improved our YE2016e net debt forecast by $0.9 billion, implying a net-debt-neutral 2016e outlook at our price deck (~$0.9 billion increase at the strip).
23 Feb 2016
Cenovus 4Q15 and Year-End Disclosures Update
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Cenovus 4Q15 and Year-End Disclosures Update
Cenovus Energy Inc. (CVE:TSE) | 0 0 (-5.3%) | Mkt Cap: 11,501m
- Published:
23 Feb 2016 -
Author:
Michael P. Dunn -
Pages:
14
Estimates and NAV updated post 4Q15 results and annual reserves disclosures. Reduced capex, reduced dividend, and new hedges have improved our YE2016e net debt forecast by $0.9 billion, implying a net-debt-neutral 2016e outlook at our price deck (~$0.9 billion increase at the strip).