Cenovus Energy Inc, Canada's second-largest independent oil producer, said it expects to produce nearly 14 percent more oil next year as it ramps up output at its Christina Lake oil sands project in northern Alberta.The company forecast production of 180,000 to 196,000 barrels per day (bpd) of oil net in 2013. It had forecast output of about 165,000 bpd net this year.Cenovus said it expects the Christina Lake project to produce an average between 47,000 and 52,000 bpd net in 2013, up 60 percent from its average forecast for this year.Calgary-based Cenovus operates the Foster Creek and Christina Lake oil sands developments in northern Alberta in a 50-50 joint venture with ConocoPhillips.
ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis. Shares of COP remained unchanged at $58.12. In the past year, the shares have traded as low as $50.62 and as high as $78.29. On average, 6147160 shares of COP exchange hands on a given day and today's volume is recorded at 0.
Cenovus Energy, Inc. is a Canada-based investment firm that is focused on the oil and gas industry. Shares of CVE remained unchanged at $34.43. In the past year, the shares have traded as low as $28.83 and as high as $39.81. On average, 876626 shares of CVE exchange hands on a given day and today's volume is recorded at 0.
Cenovus Energy, Inc. is a Canada-based investment firm that is focused on the oil and gas industry. Shares of CVE remained unchanged at $33.71. In the past year, the shares have traded as low as $30.09 and as high as $39.64. On average, 1317760 shares of CVE.TO exchange hands on a given day and today's volume is recorded at 0.
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