Cenovus' 2026 Integration Costs Are Slightly Higher Than Expected -- Market Talk

Dow Jones12-11

1005 ET - Cenovus Energy's 2026 outlook for upstream production, refining throughput, and capital spending is broadly in line with expectations, according to Scotiabank analyst Kevin Fisk. He notes capital guidance of C$5.0-C$5.3 billion, or C$4.7-C$5.0 billion excluding turnaround costs, are about 2% above consensus. Operating costs in the oil sands and integration expenses are projected to be slightly higher than anticipated, tempering the otherwise steady guidance. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

December 11, 2025 10:05 ET (15:05 GMT)

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He notes capital guidance of C$5.0-C$5.3 billion, or C$4.7-C$5.0 billion excluding turnaround costs, are about 2% above consensus. Operating costs in the oil sands and integration expenses are projected to be slightly higher than anticipated, tempering the otherwise steady guidance. 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