Sunrise Oil Sands Acquisition – Cenovus Energy Inc.

Cenovus Energy Inc. · Jun 13, 2022 · 4 slides

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Slides

SUNRISE OIL SANDS ACQUISITION June 13, 2022
ADVANCES STRATEGIC PRIORITIES AND VALUE PROPOSITION BUILDS ON CENOVUSS OIL SANDS CORE STRENGTH Asset overview Cenovus-operated since Husky transaction Increasing working interest from 50% to 100% Current production 50 Mbbls/d (gross)…
IMMEDIATELY ACCRETIVE ON KEY METRICS Transaction highlights Immediately accretive on adjusted funds flow and cash from operating activities prior to any synergy capture Total consideration: o 600 million in cash before closing…
ADVISORY Barrels of Oil Equivalent Natural gas volumes have been converted to barrels of oil equivalent (BOE) on the basis of six Mcf to one barrel (bbl). BOE may be misleading, particularly if used in isolation. A conversion ratio of…