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).
02 Oct 2015
NOTES FROM THE CHRISTINA LAKE TOUR
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NOTES FROM THE CHRISTINA LAKE TOUR
Cenovus Energy Inc. (CVE:TSE) | 0 0 (-5.3%) | Mkt Cap: 11,501m
- Published:
02 Oct 2015 -
Author:
Michael P. Dunn -
Pages:
4
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).