Cenovus held an investor tour of its Christina Lake project on Thursday October 1st. Highlights from our detailed notes below include: Management is targeting ~30% in cost reductions to its oilsands cost structure over time. Projects remain on track. We would be surprised if CVE does not progress Phase G forward in 2016e. Strong recent production (~150,000 bbl/d in July and over 152,000 bbl/d on Wednesday).