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...Suncor Energy is an energy company. Co.'s operations include oil sands development and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. Co.'s segments include: oil sands, which develop and produce synthetic crude oil and related products through the recovery and upgrading of bitumen; exploration and production, which include offshore activity, and the exploration and production of crude oil, natural gas, and natural gas liquids; and refining and marketing, which include the refining of crude oil products, and the distribution and marketing of these and other purchased products, as well as a lubricants plant.
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