Report
Joe Gemino
EUR 98.48 For Business Accounts Only

Cenovus Energy Added to Best Ideas List: Potential For Best-in-Class Project Economics

We are adding 4-star stock Cenovus Energy to our Best Ideas list and raising our fair value estimate to $18 (CAD 23) from $14 (CAD 18). The company appears to have found a solution to the oil sands industry problem: high production costs and extensive capital requirements. Based on our analysis, solvent-aided process, or SAP, has the potential to eventually be the lowest-cost oil sands production, with most potential production having break-even prices around $45 per barrel of West Texas Interme...
Underlying
Husky Energy Inc.

Husky Energy is engaged in the exploration, development and production of oil and natural gas. Co.'s operations are located in Canada and United States. As of Dec. 31, 2011, Co. had total proved oil and natural gas reserves of 1,172.4 million barrels of oil equivalent (Mmboe) gross (1,010.7 Mmboe net).

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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