Last €21.29 EUR
Change Today +0.175 / 0.83%
Volume 0.0
As of 10:15 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

cenovus energy inc (CXD) Snapshot

Open
€21.03
Previous Close
€21.12
Day High
€21.29
Day Low
€20.90
52 Week High
07/18/13 - €23.86
52 Week Low
02/24/14 - €18.47
Market Cap
16.1B
Average Volume 10 Days
27.5
EPS TTM
--
Shares Outstanding
756.5M
EX-Date
03/12/14
P/E TM
--
Dividend
€1.05
Dividend Yield
3.25%
Current Stock Chart for CENOVUS ENERGY INC (CXD)

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cenovus energy inc (CXD) Details

Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in Illinois and Texas, the United States. The company’s Oil Sands segment is involved in the development and production of bitumen assets at Foster Creek, Christina Lake, and Narrows Lake; the Athabasca natural gas assets; and projects in the early stages of development, such as Grand Rapids and Telephone Lake. Its Conventional segment develops and produces conventional crude oil, natural gas, and NGLs in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake. As of December 31, 2013, this segment had an established land position of approximately 5.2 million net acres, of which approximately 3.2 million net acres were developed. The company’s Refining and Marketing segment refines crude oil products into petroleum and chemical products; and markets crude oil and natural gas, as well as purchases and sells third-party products. Cenovus Energy Inc. is headquartered in Calgary, Canada.

3,544 Employees
Last Reported Date: 03/27/14

cenovus energy inc (CXD) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$1.3M
Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: C$582.5K
Chief Operating Officer and Executive Vice-Pr...
Total Annual Compensation: C$752.5K
Executive Vice-President of Oil Sands
Total Annual Compensation: C$637.5K
Compensation as of Fiscal Year 2013.

cenovus energy inc (CXD) Key Developments

Keyera Corp. Enters into Long-Term Agreement with Cenovus Energy to Provide Diluent Handling Services in the Edmonton/Fort Saskatchewan

Keyera Corp. announced that it has entered into a long-term agreement with Cenovus Energy Inc. to provide diluent handling services in the Edmonton/Fort Saskatchewan area. This agreement will provide Keyera with long-term, take-or-pay and fee-for-service revenues, beginning in 2014. Keyera will provide diluent storage services which will increase up to the equivalent of approximately 3 storage caverns by 2018. While Keyera has the capacity to store these volumes at its Keyera Fort Saskatchewan facility ("KFS") in the existing and new storage caverns under development, this agreement will help underpin potential future capital investment in new cavern development as part of Keyera's ongoing storage development strategy. Transportation services will be provided on Keyera's Fort Saskatchewan Condensate System between various diluent supply sources and certain delivery points in the Edmonton/Fort Saskatchewan area. As part of these transportation services, Keyera will utilize its previously announced diluent receipt connection off Kinder Morgan's Cochin Pipeline that is scheduled to be completed in the second quarter of 2014.

Cenovus Energy Inc. Receives Approval for Grand Rapids Oil Sands Project

Cenovus Energy Inc. has received approval from the Alberta Energy Regulator (AER) for its 100%-owned Grand Rapids thermal oil sands project. The proposed project is located approximately 300 kilometres north of Edmonton, within the company's Greater Pelican Region in northern Alberta. Grand Rapids is expected to have production capacity of 180,000 barrels per day (bbls/d) and be developed in multiple phases. The project is anticipated to have a life of 40 years. The company expects to make a decision on the timing of development later 2014. Once a decision is made to proceed with Grand Rapids, Cenovus will be able to rely on existing infrastructure, including roads, power and camps at its Pelican Lake conventional heavy oil operation. The availability of existing infrastructure is expected to contribute to competitive capital efficiencies for Grand Rapids. Cenovus and its predecessor companies have been operating and producing oil in the area for more than 15 years from the Wabiskaw formation, which is a deeper geological zone. The company has been operating a steam-assisted gravity drainage (SAGD) pilot project at the site for more than three years and has gained a strong understanding of the reservoir. Recent production results from the two well-pair pilot have been encouraging. Cenovus plans to continue operating the pilot project to gather additional information on the reservoir. Stratigraphic test well results have shown the reservoir to be very consistent, which Cenovus believes will provide predictable and reliable long-term production. Approximately 180 stratigraphic test wells have been drilled at the project to support the regulatory application and development plan. As of December 31, 2013, the independent qualified reserves evaluator (IQRE) estimated Cenovus's best estimate bitumen economic contingent resources for the entire Grand Rapids holdings at 1.5 billion barrels. The same IQRE also recognized approximately 78 million barrels of probable reserves. Cenovus expects to be able to convert a significant portion of those probable reserves to proved once the company decides to proceed with the project. The company currently has two operating oil sands projects, with Foster Creek now producing about 110,000 bbls/d gross and Christina Lake producing approximately 130,000 bbls/d gross. Expansions are continuing at both of these projects. Construction of phase A at the company's Narrows Lake project is continuing with first production expected in 2017. Cenovus has a 50% ownership of the Narrows Lake, Foster Creek and Christina Lake projects with its partner ConocoPhillips. A regulatory application is under review for the Telephone Lake oil sands project, which is 100%-owned by Cenovus and has a planned production capacity of more than 300,000 bbls/d. Cenovus continues to assess other oil sands opportunities within its portfolio for future development. In addition to the 129,000 bbls/d net of oil sands production capacity already built at Foster Creek and Christina Lake, Cenovus now has about 365,000 bbls/d of net oil sands production capacity under construction or with regulatory approval.

Cenovus Energy Inc. Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-03-2014 through Apr-04-2014

Cenovus Energy Inc. Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-03-2014 through Apr-04-2014. Venue: Sheraton Centre Toronto, 123 Queen Street West, Toronto, Ontario, Canada. Presentation Date & Speakers: Apr-04-2014, John K. Brannan, Chief Operating Officer and Executive Vice-President.

 

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Industry Analysis

CXD

Industry Average

Valuation CXD Industry Range
Price/Earnings 35.4x
Price/Sales 1.3x
Price/Book 2.3x
Price/Cash Flow 9.2x
TEV/Sales 0.8x
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