Does Cenovus Have a Clear Path to Achieve Nearly 1.1 MMBoe/d by 2028?

CVE set a growth target of nearly 1.1 MMBoe/d by 2028, supported by record oil sands output and a pipeline of expansion projects that are completed or under way. The update implies strengthening production momentum into the late decade, which is modestly positive for equity expectations.

Analysis

CVE set a growth target of nearly 1.1 MMBoe/d by 2028, supported by record oil sands output and a pipeline of expansion projects that are completed or under way. The update implies strengthening production momentum into the late decade, which is modestly positive for equity expectations.