Report
Joe Gemino
EUR 98.48 For Business Accounts Only

Best Idea Update: Cenovus SAP Updates on the Horizon

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
MEG Energy Corp.

MEG Energy is engaged in a steam assisted gravity drainage oil sands development at its 80 section Christina Lake Regional Project. As of Dec 31 2010, Co. had total proved bitumen reserves of 605.9 gross thousand barrels (470.5 net thousand barrels).

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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