Cenovus inks big rail deals, 3-year contracts to Gulf Coast
Gary Park for Petroleum News
Cenovus Energy, one of the largest oil sands producers, watched its shares jump in value by more than 9 percent a day after it locked in three-year deals with Canada’s two largest railroads to move 100,000 barrels per day of heavy crude to key markets on the U.S. Gulf Coast.
The contracts with Canad....
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Costs in mid- to high-teens Concerns about rail shipments
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