Report
Joe Gemino
EUR 101.80 For Business Accounts Only

SAP technology sets Cenovus apart from peers.

Cenovus' first-quarter earnings call focused on the recent acquisition of oil sands and deep basin assets from ConocoPhillips. In contrast to the market, we view the acquisition in a positive light, particularly the oil sands assets. The additional oil sands reserves provide new opportunities for Cenovus to utilize its emerging extraction technology, solvent-aided process, or SAP. Based on our analysis, SAP has the potential to be the lowest-cost oil sands production method, with most potential ...
Underlying
Cenovus Energy Inc.

Cenovus Energy is in the business of development, production and marketing of crude oil, natural gas and natural gas liquids ("NGLs") in Canada with refining operations in the U.S. Co. operates in two business segments: Upstream, which includes Co.'s development and production of crude oil, NGLs in Canada, is organized into two operations: Oil sands and conventional; and Refining and Marketing, which is focused on the refining of crude oil products into petroleum and chemical products at two refineries located in the U.S. This segment also markets Co.'s crude oil and natural gas, as well as third-party purchases and sales of product.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

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