Cenovus Energy Inc.

Cenovus Energy Inc. , through a wholly owned partnership, has entered into a definitive agreement to sell its Marten Hills oil assets in northern Alberta to Headwater Exploration Inc. for initial cash and common share equity consideration of approximately $100 million. Total consideration paid to Cenovus consists of $35 million in cash and 50 million common shares of Headwater, plus 15 million share purchase warrants [...]

Cenovus Energy Inc. continued to deliver strong operational performance and further improved its financial resilience in the third quarter by remaining committed to disciplined capital investment, cost leadership and leveraging the flexibility of its assets and marketing strategy to generate positive free funds flow. The company took advantage of the higher commodity prices by ramping up production from its oil sands [...]

Cenovus Energy Inc. and Husky Energy Inc. will host a joint conference call and webcast today, Sunday, October 25, 2020, starting at 11:00 a.m. MT to discuss their proposed transaction to create a new integrated Canadian oil and natural gas company. To participate in the conference call, please dial 833-529-0230 or 236-389-2157 approximately 10 minutes prior to the start time. The conference call webcast link will be [...]

Cenovus Energy Inc. will release its third-quarter results on Thursday, October 29, 2020. The news release will provide consolidated third-quarter operating and financial information. Financial statements will be available on Cenovus’s website, cenovus.com. A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. MT . To participate, please dial 888-231-8191 or 647-427-7450 [...]

Cenovus Energy Inc. has completed a public offering in the United States of US$1,000,000,000 in 5.375% senior unsecured notes due 2025 . The Notes were issued under Cenovus’s short form base shelf prospectus dated September 19, 2019 and a prospectus supplement dated July 28, 2020 filed with securities regulatory authorities in Canada and the United States. The net proceeds of the Offering will be used to repay short-term [...]

Cenovus Energy Inc. remained focused on financial resilience in the second quarter of 2020 and used the flexibility of its assets and marketing strategy to adapt quickly to the changing external environment. This positioned the company to weather the sharp decline in benchmark crude oil prices in April by reducing volumes at its oil sands operations and storing the mobilized oil in its reservoirs for production in an [...]

Cenovus Energy Inc. will release its second-quarter results on Thursday, July 23, 2020. The news release will provide consolidated second-quarter operating and financial information. Financial statements will be available on Cenovus’s website, cenovus.com. A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. MT . To participate, please dial 888-231-8191 or 647-427-7450 [...]

Cenovus Energy Inc. has published its 2019 environmental, social & governance report. In 2019, the company conducted a formal materiality assessment to identify the four ESG focus areas that are most impactful to its business. The company then engaged in a rigorous process that involved work with external ESG consultants and included robust scenario analysis to establish ambitious targets for greenhouse gas emissions [...]

Cenovus Energy Inc. announced that at its annual meeting of shareholders held on April 29, 2020, each of the 11 nominees proposed as Directors and listed in its Management Information Circular dated March 2, 2020 were elected as Directors. The detailed results of the vote are set out below. Nominee Votes for Votes withheld Number Percent Number Percent Keith M. Casey 993,821,303 99.87 1,270,542 0.13 Susan F. Dabarno [...]

Cenovus Energy Inc. continued to deliver safe and reliable operations in the first quarter of 2020 while demonstrating its ability to take swift and decisive steps to enhance its financial resilience and protect its balance sheet in the face of the global macro-economic challenges caused by the COVID-19 pandemic. The company’s first-quarter financial results were impacted by the significant decline in global demand and [...]