An attractive opportunity in the oilsands

The market is overlooking the immense growth potential in Cenovus' reserves that can be brought on line with new, cost-lowering technology.

Joe Gemino 17 April, 2017 | 5:00PM

 

 

Joe Gemino: Although oil sands' costs have drastically decreased over the past two years, most expansion projects nonetheless aren't economic at $55/bbl WTI, our midcycle forecast, and thus struggle to compete economically with other global supply sources. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Cenovus Energy Inc5.56 CAD-1.59

About Author

Joe Gemino

Joe Gemino  Joe Gemino, CPA, is an equity analyst for Morningstar covering Canadian oil and Gas companies.

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