Cenovus Energy Inc.

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 [...]

CALGARY, Alberta, March 06, 2018 -- Cenovus Energy Inc. announced today that Hal Kvisle and Keith MacPhail will be proposed nominees for election to the Board of Directors at the company’s next annual meeting of shareholders to be held on April 25, 2018. Mr. Kvisle has spent more than four decades working in the Canadian oil and natural gas sector, with experience running upstream production, power and pipeline [...]

CALGARY, Alberta, Feb. 15, 2018 -- Cenovus Energy Inc. delivered strong cash from operating activities and adjusted funds flow in 2017. Through its continued focus on capital discipline and reliable operational performance, the company generated almost $1.3 billion in free funds flow last year. Cenovus also completed the divestitures of its legacy conventional oil and natural gas assets within its expected timeframe [...]

CALGARY, Alberta, Feb. 09, 2018 -- Cenovus Energy Inc. will release its fourth quarter and year-end 2017 results on Thursday, February 15, 2018. The news release will provide consolidated fourth quarter and year-end 2017 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 [...]

CALGARY, Alberta, Jan. 24, 2018 -- Alex Pourbaix, Cenovus President & Chief Executive Officer, will present on a panel at the CIBC 21st Annual Institutional Investor Conference on Thursday, January 25, 2018 at 3:35 p.m. MT in Whistler, British Columbia. The webcast link will be available at cenovus.com or via the following URL: https://www.cibcvirtual.com/whistler2018. Cenovus Energy Inc. Cenovus Energy Inc. is a Canadian [...]

Cenovus Energy plans to invest between $1.5 billion and $1.7 billion in 2018, with the majority of the budget allocated to sustain base production at the company’s oil sands operations. The remaining capital will primarily support continued construction at the phase G oil sands expansion at Christina Lake, where costs are coming in below original expectations, and a targeted drilling program in the Deep Basin. This [...]

CALGARY, Alberta, Nov. 13, 2017 -- Cenovus Energy Inc. has entered into an agreement to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million. The sale is expected to close in the fourth quarter of 2017, subject to customary closing conditions. A pumpjack at the Cenovus Weyburn operation in southeastern Saskatchewan. The previously [...]

Results of the Semi-Annual Review of the S&P/TSX Revenue Exposure Indices TORONTO, Nov. 10, 2017 /CNW/ - S&P Dow Jones Indices Canadian Index Operations announces the following index changes as a result of the semi-annual review of the S&P/TSX Revenue Exposure Indices. These changes will be effective prior to the open of trading on Monday, November 20, 2017. S&P/TSX Composite Focused Canada Revenue Exposure Index November [...]

CALGARY, Alberta, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) delivered strong cash from operating activities and adjusted funds flow in the third quarter including three full months of solid contribution from the oil sands and Deep Basin assets acquired on May 17, 2017. To further optimize its portfolio and deleverage its balance sheet, the company has announced sale agreements for its Pelican Lake, Suffield and Palliser assets for combined gross cash proceeds of approximately $2.8 billion. Cenovus continues to target $4 billion to $5 billion of cumulative announced sale agreements in 2017. Through a continued focus on capital discipline and strong operational performance, Cenovus generated $544 million in free funds flow in the quarter... [...]

CALGARY, Alberta, Oct. 30, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today announced the appointment of Alex Pourbaix as President & Chief Executive Officer and member of the Board of Directors. Pourbaix will start the role on November 6. He replaces Brian Ferguson, who announced earlier this year that he will be retiring from that position after 33 years with Cenovus and its predecessor companies [...]