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canada goose clearance Share CloseShare this Story: Varcoe: Cenovus CEO defends curtailment, says falling oil rail shipments a temporary problem Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrNews Local NewsCOVID 19PoliticsCrimeNationalCOVID 19 WorldTrafficVideosWeatherArchives Reopening Canada More Reopening CanadaBusiness EnergyLocal BusinessOpen during COVID Real EstateCommercial Real EstateFP Markets FP Headlines FP Money TechnologyGamingInternetPersonal TechScienceSpaceTech BizSmall BusinessAlberta’s Top EmployersOpinion ColumnistsLettersEditorialsLife HealthWomenMenSeniorsSexual HealthDiet FitnessFamily ChildFoodTaste AlbertaRecipesHomesNew HomesCondosRec PropertiesFashion BeautyParentingRelationshipsPuzzles Comics RoyalsTravelSki SnowboardContestsSports HockeyCalgary FlamesNHLFootballCalgary StampedersCFLNFLSpruce MeadowsBaseballGolfGolf Videos CurlingSoccerInternational SoccerMLSRodeo ChucksTennisAuto RacingArts Local ArtsMoviesMovie Listings TelevisionTV Listings TheatreMusicCelebrityBooksSwerve Listings Obituaries Browse Notices Place an Obituary Place an In Memoriam Classifieds Browse Listings Place a Classifieds Ad Celebrating Real Estate Marketplace Local Directory FlyerCitySpecial Sections Careers Auction DrivingHealthingThe GrowthOpePaper Our Offers Home Delivery My Account FAQChris Varcoe Feb 14, 2019 4 minute readAlex Pourbaix, CEO of Cenovus, was photographed in the company’s Calgary offices on Wednesday December 19, 2018. Gavin Young / CALwpArticle Sidebar Share CloseShare this Story: Varcoe: Cenovus CEO defends curtailment, says falling oil rail shipments a temporary problem Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrArticle contentThe head of Cenovus Energy believes it’s far too early to say Alberta’s crude curtailment plan is misfiring and he believes oil by rail shipments out of the province will rebound soon enough.If anything, Alex Pourbaix says his company’s tough fourth quarter financial results show just how much damage the mammoth price discount for western Canadian oil last fall caused the sector and the risk to Alberta if the province had not restricted production to bolster lagging prices.In recent days, the province’s plan has been attacked by critics who maintain it is causing unintended consequences that are disrupting the economics of moving oil by rail.”I’d like to think that people don’t have short memories, and they remember what was happening to this industry and to this province in October, November and December,” Pourbaix said in an interview Wednesday.”We are all of six weeks in on this..Article content continuedThe oilsands producer has been one of the most public supporters of the province’s decision to impose mandatory production cuts this year.The Notley government ordered operators to curtail output by 325,000 barrels of oil per day in January in an effort to shrink oil inventory levels and lower the massive price discount on Western Canadian Select heavy oil.At one point last fall, the WCS price differential to benchmark West Texas Intermediate crude sat at US$52 a barrel.. canada goose clearance

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