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...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).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.