Cenovus Energy Inc. revised production guidance for the year 2024. For the year 2024, Total upstream production of 785,000 BOE/d to 810,000 BOE/d, an increase of 7,500 BOE/d at the midpoint as a result of strong year-to-date performance and asset reliability, Total downstream throughput of 640,000 bbls/d to 670,000 bbls/d, an increase of 5,000 bbls/d at the midpoint as a result of strong year-to-date performance and optimization of the company?s turnaround activities in the second half of the year, including turnaround activity that was deferred to 2025. Oil Sands operating costs of $10.50/bbl to $12.50/bbl representing a decrease of 12% at the midpoint, and Asia Pacific operating costs of $9.50/BOE to $10.50/BOE, representing a decrease of $2.00/BOE at the midpoint.
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17/09 | RBC Cuts Price Target on Cenovus Energy to CA$29 From CA$33, Keeps Outperform Rating | MT |
05/09 | TSX Closer: Weak Oil Prices and Rate-Cut Uncertainty Pushes the Market Below 23,000 | MT |
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- Cenovus Energy Inc. Revises Production Guidance for the Year 2024