Net debt down $1.6 billion from previous quarter View of a Cenovus steam-assisted gravity drainage oil sands project in northern Alberta. Steam generators at Cenovus’s Foster Creek project in northern Alberta. Cenovus’s Wolf Lake Natural Gas Plant in the Deep Basin in west central Alberta. Cenovus Energy Inc. generated more than $700 million of free funds flow and nearly $1 billion in adjusted funds flow in [...]
Cenovus Energy Inc. will release its third-quarter 2018 results on Wednesday, October 31, 2018. The news release will provide consolidated third-quarter 2018 operating and financial information. Financial statements will be available on the company’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 [...]
Cenovus Energy Inc. has signed three-year deals with major rail companies to transport approximately 100,000 barrels per day of heavy crude oil from northern Alberta to various destinations on the U.S. Gulf Coast. The agreements involve moving oil with CN from Cenovus's Bruderheim Energy Terminal starting in the fourth quarter of 2018, and with CP through USD Partners' terminal in Hardisty, Alberta starting in the second [...]
Cenovus Energy Inc. and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta for cash proceeds of $625 million. The transaction also includes the Pipestone Business’s 39% operated working interest in the Wembley gas plant. The sale is expected to close in the third quarter of 2018, subject [...]
Cenovus Energy Inc. has published its 2017 corporate responsibility report detailing the company's efforts to accelerate its environmental performance, protect the health and safety of its staff, invest in and engage with the communities where it operates and maintain the highest standards of corporate governance. Highlights for 2017 included: Achieving the company’s lowest ever total recordable injury frequency of [...]
CALGARY, Alberta, July 26, 2018 -- Cenovus Energy Inc. achieved record production and delivered solid financial performance in the second quarter of 2018. The company had adjusted funds flow of $774 million, even after a realized risk management loss of $697 million, and generated free funds flow of $482 million. Cenovus ramped up its oil sands operations in the second quarter and achieved record high production volumes [...]
CALGARY, Alberta, July 19, 2018 -- Cenovus Energy Inc. will release its second-quarter 2018 results on Thursday, July 26, 2018. The news release will provide consolidated second-quarter 2018 operating and financial information. Financial statements will be available on the company’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 [...]
CALGARY, Alberta, April 25, 2018 -- Cenovus Energy Inc. announced that at its annual meeting of shareholders held on April 25, 2018, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 2, 2018 were elected as Directors. The detailed results of the vote are set out below. Nominee Votes for Votes withheld Number Percent Number Percent Susan F. Dabarno 904,255,139 93.13 [...]
CALGARY, Alberta, April 25, 2018 -- Cenovus Energy Inc. had continued strong operational performance from its oil sands projects and Deep Basin natural gas assets in the first quarter of 2018. The company’s quarterly financial results were impacted by risk management losses, wider light-heavy oil differentials and planned refinery maintenance. As previously announced, Cenovus responded to the wider price [...]
CALGARY, Alberta, April 18, 2018 -- Cenovus Energy Inc. will release its first quarter 2018 results on Wednesday, April 25, 2018. The news release will provide consolidated first quarter operating and financial information. Financial statements will be available on the company’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 [...]
CALGARY, Alberta, April 05, 2018 -- Cenovus Energy Inc. today announced the appointment of Jonathan McKenzie as the company’s next Chief Financial Officer. He will replace Ivor Ruste who, as previously announced, will retire on April 30, 2018. “We’re pleased to have Jon join Cenovus. His broad experience in the energy industry will be an asset to the company as we continue to focus on strengthening our [...]
CALGARY, Alberta, March 22, 2018 -- Cenovus Energy Inc. has been operating its oil sands facilities at reduced production rates and is storing excess barrels in its reservoirs in response to wider than normal light-heavy price differentials and recent pipeline capacity constraints as well as the slow pace of the ramp-up in crude-by-rail export capacity in Alberta. “When Canadian heavy oil is selling at a wide [...]