Cenovus Energy Inc. Mar 12
Standard & Poors, March 2012
Abstract
Long-lived oil sands resource base Industry leading in-situ oil sands cost position Potential for enhanced profitability through downstream integration Moderate financial policies and comprehensive risk-management practices High capital cost requirements associated with oil sands development The ratings on Calgary, Alta.-based Cenovus Energy Inc. reflect Standard & Poor's Ratings Services' assessment of the company's sizable adjusted reserves base, which includes its total net proven and probable oil sands reserves. The ratings also reflect what Standard & Poor's views as Cenovus' moderate consolidated unit operating and full-cycle costs, including its steam-assisted gravity drainage (SAGD) operations' industry-leading cost profile and strong profitability throughout the hydrocarbon price cycle; and good internal growth prospects inherent in its SAGD assets. We expect the company will manage...
Companies mentioned in this report are:
- Cenovus Energy Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Cenovus Energy Inc.
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