- Cenovus Energy forecasts oil sands production of 615,000 to 635,000 barrels of oil equivalent per day (BOE/D) in 2025.
- Capital investments for 2025 are projected to be between C$4.6 billion and C$5.0 billion.
- The company plans to allocate $2.7 billion to $2.8 billion towards its oil sands assets, with $600 million to $700 million designated for growth in 2025.
- Oil sands non-fuel operating costs are anticipated to be $8.50/bbl to $9.50/bbl, while fuel costs are expected to be $2.25/bbl to $3.25/bbl, consistent with 2024 figures.
- Total upstream production for 2025 is estimated to be 805,000 BOE/d to 845,000 BOE/d.
- Offshore production is predicted to range from 65,000 BOE/d to 75,000 BOE/d in 2025.
- Overall production is expected to be within 125,000 BOE/d and 135,000 BOE/d, and operating costs will be $11.00/BOE to $12.00/BOE, a 7% decrease from 2024.
- Downstream crude unit utilization is projected to be between 90% and 95%.
- There have been 20 buy recommendations, with no hold or sell recommendations.
A look at Cenovus Energy Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Cenovus Energy Inc has a positive long-term outlook. With a high score in Growth, indicating strong potential for expansion, the company seems poised for future development. Additionally, its above-average Value score suggests it may be undervalued compared to its peers, presenting a potential opportunity for investors.
However, Cenovus Energy Inc‘s lower scores in Dividend and Resilience might indicate areas of concern. A moderate score in Momentum suggests some stability but possibly a need for improved market performance. Overall, with its focus on natural gas, crude oil, and natural gas liquids reserves, Cenovus Energy displays a diverse portfolio that could support long-term growth and sustainability.
Summary of Company: Cenovus Energy Inc. is an integrated oil company with natural gas and crude oil production in Alberta and Saskatchewan, along with refineries in Illinois and Texas.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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