Cenovus Energy Inc. planning to raise oil production by 10% in 2014 and is developing a new 40,000-bpd phase at its Foster Creek facility. The company also expects two major regulatory approvals before the end of the first half of the year 2014 for the 180,000-bpd Grand Rapids project and the 90,000-bpd Telephone Lake. With pipelines stuck in regulatory scrutiny, Cenovus shifted 10,000 bpd in 2013 by rail and expects to receive 825 new rail cars by the third quarter of the year, as it looks to move 30,000 bpd in 2014.
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5-day change | 1st Jan Change | ||
28.07 CAD | +0.61% |
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+4.90% | +27.13% |
Jul. 12 | UBS Details Crowding & Positioning Report for Oil Sands Companies | MT |
Jul. 09 | Cenovus Has Outperform Rating, $33 Price Target at RBC Capital Markets | MT |
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1st Jan change | Capi. | |
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-14.09% | 1,822B | |
+17.66% | 457B | |
+44.57% | 256B | |
+2.00% | 157B | |
+3.65% | 95.32B | |
-9.23% | 73.55B | |
-.--% | 52.93B | |
+25.25% | 49.15B | |
-7.91% | 48.59B |
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- Cenovus Energy Inc. Develops New 40,000-Bpd Phase at its Foster Creek Facility