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Threaten us Fees Canadian Energy Will not affect the planned costs Senovus Energy Inc.But when the company comes to the place where it sends its oil, the company says it may inspire “to move away from the United States.”
US President Donald Trump has been suspended until March to reduce widespread tariffs on US imports of Canadian goods. Trump had previously signed an administrative order with an administrative order that imposed a 10 percent tax on Canadian energy products, with 25 per cent fees on all other goods.
Speaking at Senovas’s fourth quarter revenue call on Thursday, John McKenzi, chief executive officer, said that the many variables that affect our liquidity, including the prices of oil prices.
“But the price of the capacitor, the price of natural gas, are all inputs for our business,” McCensi told researchers.
We can succeed in the threat of refinery skirts and forex rates.
“So when you look at the spectrum of all things that affect our liquidity, it is not clear to us who is going to pay the fee, and the overall impact of the company,” he said.
“If we are in a world, unfortunately, the fees will come in March. We will look at those price signals and act accordingly.”
Jeff Murray, Vice President of Senovas’ business, said that when the oil products were exported through the Trans Mountain Pipeline, it includes a center.
“I think we will see … a restoration from the United States and will be reversed worldwide,” he said.
There is a 50/50 split between California and Asia, which is said to have been transported through the pipe, Murray said.
“Without fees, it continues uninterrupted.
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“We expect it to run as much as possible by Trans Mountain. Maybe beyond contract capabilities, you can find a home outside the dock, and then it will prioritize California worldwide than California.”
Asked if the fees would affect the cost of Senovas for 2025, McCensi said the company had already restricted its capital expenditure to “very moderate conditions” and is working on some major projects.
“I don’t think there is nothing on the fee page that will change anything in this year or the future in the future,” he said.
McKezi illustrates milestones associated with some of its plans in the fourth quarter, including the completion of the Naraos Lake Pipeline.
The 17 -kilometer pipe will connect its narrow lake oils to the reservoir with its Christina lag main processing facility, which is expected to begin in mid -2025 up to 30,000 barrels per day from the site.
Mechanical work was also completed by the concrete gravity system and topsides for the western white rose project on the Newfoundland beach.
McCensi said the multi -billion dollar extension of the existing White Rose offshore Oilfield is now 88 percent complete and is at the speed of producing its first oil in 2026.
On Thursday, the Calcari -based company saw low oil and natural gas prices compared to its fourth quarter profit and revenue a year ago.
Senovas said it had earned $ 146 million or seven cents per diluted stock in the quarter ended December 31, which fell by $ 743 million or diluted in the last three months of 2023.
Its adjustable financial flow was 87 cents for its recent quarter, which was $ 1.08 per diluted stock a year ago.
The revenue was $ 12.8 billion, which was $ 13.1 billion a year ago.
Total upstream production in the quarter was equal to 816,000 barrels of oil a day, which was 808,600 a year ago. Lower performance was 666,700 barrels per day, at 579,100 in the fourth quarter of 2023.
At the end of 2024, Senovas’s net debt was 6 4.6 billion, which increased by about $ 420 million from the previous quarter. It was more than the company’s $ 4 billion target, which was a milestone that had previously reached its second quarter.
McCensi said the net debt increase reflects a weak Canadian dollar, with its stock buying plan that is a temporary structure of about 22,000 barrels per day.
& Copy 2025 Canadian Press
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