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Cenovus Energy Inc, Company Intelligence Report
GlobalData, Nov 2011, Pages: 102
Cenovus Energy Inc, Company Intelligence Report
Summary
Cenovus Energy Inc (Cenovus) is an integrated energy company primarily involved in the exploration and production of crude oil and natural gas in Alberta and Saskatchewan. The company also owns two refineries in the US. The company was formed on December 01, 2009 by the split of Encana into two independent companies - Cenovus Energy, which is an integrated oil company and Encana Corporation, which is an independent company.
Cenovus’s upstream business mainly focuses on the exploration and development of oil sands and conventional operations. The oil sands include the company’s producing bitumen assets in Foster Creek and Christina Lake, and heavy oil assets in Pelican Lake. Cenovus’s oil sands assets also include Narrows Lake, Grand Rapids, Telephone Lake and the Athabasca natural gas assets. To further develop its oil sand operations, the company entered into a 50:50 joint venture agreement with ConocoPhillips to form the Foster Creek Christina Lake (FCCL) partnership in 2007. The company has spent around $867m to expand FCCL’s production capacity in 2011. The company holds bitumen rights in around 0.85 million (net) acres within the Athabasca and Cold Lake areas and additional rights to lease 0.58 million (net) acres in the Cold Lake Air Weapons Range.
Cenovus’s conventional division includes the development and production activities for conventional resources prevailing in western Canada, primarily in Alberta and Saskatchewan. The company’s unconventional division also includes the Weyburn carbon dioxide miscible flood project, along with a few emerging Bakken and Shaunavon properties. The company has established a total net land position of around 5.2 million acres, of which around 1.7 million acres are undeveloped as of the year ending 2010.
Scope
- Key Highlights: This section provides detailed analysis on the company’s overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, hedging strategies, Capex funding, geographical results of oil and gas operations.
- Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals.
- SWOT: The report’s SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic positions in the market.
- Key Events for 2011: This section provides the company’s expected operational and financial activities in 2011. This section maps the company’s focus for 2011 in nut shell.
- Production and Development Overview: This section highlights the company’s crude oil and natural gas production forecast from its legacy and upcoming assets by region and commodity mix for next five years. The report also covers the detailed information and analysis on the company’s producing and development assets.
- Exploration: This section includes detailed explanation and analysis on the company’s exploration assets resulted due to new discoveries, new drilling and other activities.
- M&A trends: This section mainly provides information and analysis on the company’s recent assets transactions, joint ventures, acquisition, and divestment activities during the last one year. This section highlights the company’s status as a buyer or seller during the analyzed period.
- Financial Forecast and Valuation: This section highlights the detailed financial statement forecast for next five years. With the financial statement forecast, this section also provides intrinsic value of the company by using Net Asset Valuation method.
- Peer Group Analysis: This section compares the company’s performance with its peer group on the basis of share prices, financial ratios, operational and financial parameters and other related parameters.
- Financial and Operational Metrics: This section covers the company’s historical performance on several financial and operational parameters such as Production and Reserves, Reserves Replacement, Costs Incurred, Acreage, Wells, F&D Costs, Oil and Gas Revenue and Expenses etc.
Reasons to buy
- The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to -
- Provide detailed analysis to those who are interested in knowing the companies’ existing and future business strategies.
- Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates.
- Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies.
- Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Keywords
Valuation Report, NAV, Oil and gas valuation, Strategic Evaluation, Strategic and Operational Analysis, Forecasted financial Statements, SWOT, Capital expenditure, Market Scenario, Revenue, Financial Ratios, Production, Reserves, Peer Group Comparison, DCF, Outlook, Investment Thesis, Investment Summary, Cabot Oil and Gas Corporation
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