Cenovus Energy Inc. will hold its 2019 Investor Day in Toronto on Wednesday, October 2, 2019 with presentations beginning at 8:30 a.m. ET . Members of Cenovus’s Leadership Team will provide an update on the company’s strategy, outlook and operations to invited institutional investors and analysts. To accommodate a broader audience, the presentations will be webcast. The webcast and presentation slides will be [...]
Cenovus Energy Inc. reduced net debt to $7.1 billion in the second quarter after generating over $830 million in free funds flow. The company’s excellent financial performance was driven by higher realized oil prices, which contributed to oil sands operating margin of more than $1.0 billion. “Through focused operations and disciplined capital allocation, we have materially improved our balance sheet and [...]
Cenovus Energy Inc. has published its 2018 environmental, social & governance report detailing the company's progress in advancing environmental, health and safety performance, investing in and engaging with the communities where it operates and maintaining the highest standards of corporate governance. A number of Cenovus’s key performance indicators for land, air and water improved last year, partly due to ongoing [...]
Cenovus Energy Inc. will release its second-quarter results on Thursday, July 25, 2019. 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 [...]
Cenovus Energy Inc. announced today that on July 10, 2019 the company reached one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce one billion barrels of oil using steam-assisted gravity drainage technology. Foster Creek began producing oil as a pilot under a predecessor company in 1997 and in 2001 became the [...]
Cenovus Energy Inc. has determined the pricing for the previously announced cash tender offers for up to US$748,009,000 aggregate principal amount of its 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due 2027, 5.250% Notes due 2037, 5.400% Notes due 2047 and 3.800% Notes due 2023 . The Tender Offers were made to all registered holders of the Notes upon the terms and subject to the [...]
Cenovus Energy Inc. intends to repurchase US$748,009,000 aggregate principal amount of its debt as the result of successful cash tender offers for certain of its outstanding Notes announced on June 4, 2019. The repurchase demonstrates continued progress in deleveraging Cenovus’s balance sheet. The Tender Offers, originally for up to US$500,000,000 aggregate principal amount of Cenovus’s 4.450% Notes due 2042 [...]
Cenovus Energy Inc. announced today that it has commenced cash tender offers for up to US$500 million aggregate principal amount of its 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due 2027, 5.250% Notes due 2037, 5.400% Notes due 2047 and 3.800% Notes due 2023 . The Tender Offers are being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated June [...]
Cenovus Energy Inc. announced that at its annual meeting of shareholders held on April 24, 2019, each of the 11 nominees proposed as Directors and listed in its Management Information Circular dated March 1, 2019 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 1,010,309,976 99.59 4,165,164 0.41 Patrick D. Daniel [...]
Cenovus Energy Inc. delivered strong operating and financial performance in the first quarter of 2019, generating more than $1 billion of adjusted funds flow, $731 million of free funds flow and cash from operating activities of $436 million. The company’s excellent financial results were driven by strong operating performance, a significant narrowing of light-heavy oil price differentials in early 2019 and [...]
Cenovus Energy Inc. will release its first-quarter results on Wednesday, April 24, 2019. The news release will provide consolidated first-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 [...]
Cenovus Energy Inc. delivered strong operating performance in 2018 while demonstrating financial resilience in a challenging and volatile Canadian commodity price environment. 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 [...]
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