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Stock impact report

Cenovus Energy forecasts higher production in 2025 on new projects [Globe and Mail, The (Toronto, Canada)]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
The company forecast upstream production between 805,000 and 845,000 barrels of oil equivalent per day (boepd) for 2025, with the midpoint higher than analysts' estimates of 820,140 boepd, according to data compiled by LSEG. The company expects 770,000 boepd to 810,000 boepd for this year. With growing power demand from operations including data centres and manufacturing, the U.S. Energy Information Administration (EIA) has projected power demand will rise in 2025 in the U.S., potentially helping gas producers such as Cenovus. “Cenovus will deliver important milestones on our major growth projects in 2025, including achieving first oil from Narrows Lake, installation of the West White Rose offshore facilities and commencement of drilling, and preparations for first steam at the Foster Creek optimization project,” said CEO Jon McKenzie. Narrows Lake is an oil sands site in Alberta expected to have production of 130,000 barrels per day (bpd). The company is also investing in th Show less Read more
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