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-0.000724768979887645 -0.00326146040949447 -0.00199311469469106 0.00217430693966294 -0.00181192244971918 -0.00887842000362388 -0.0114151114332307 -0.0105091502083712
Stock impact report

Cenovus Bets On SAP Technology To Save The Company's Marginal Oil Sands Production [Seeking Alpha]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Cenovus Bets On SAP Technology To Save The Company's Marginal Oil Sands Production Summary Since the big oil sands deal with ConocoPhillips, Cenovus has been struggling mightily to gain traction. The stock is still down ~30% since the big deal with COP, despite significant progress in debt reduction and streamlining operations. A new solvent aided process ("SAP") could help reduce the company's SAGD operations' breakeven point (and the company's emissions). Yet, Cenovus' marginal oil sands production continues to struggle in an era of $55/bbl WTI and a Western Canada exit pipeline capacity constraint. CVE Source: Yahoo Finance Yet Cenovus has made decent progress in paying down debt and a recent return to being free-cash-flow ("FCF") positive. Those analysts that continually touted Cenovus' excellent "cash flow" growth apparently didn't realize that it is announced Note, the company's financial returns have gone up even as total production shrank by 15% yoy: Q2 EPS Report It looks lik Show less Read more
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