Cenovus Energy Inc. announced today the early tender results for its tender offers to purchase for cash certain of its outstanding series of Notes. Cenovus also announced it has increased the previously announced Pool 1 Maximum Amount from $1,000,000,000 to a total cash amount sufficient to accept for purchase all 4.250% Notes due 2027, 4.400% Notes due 2029, 4.450% Notes due 2042, 5.200% Notes due 2043 and 5.375% Notes [...]
Cenovus Energy Inc. announced today the commencement of tender offers to purchase for cash certain of its outstanding series of notes listed in the table below for an aggregate purchase price, excluding accrued and unpaid interest, of up to $1.5 billion. References to "$" in this news release are to United States dollars, unless otherwise indicated. Title of Security CUSIP/ISIN Principal Amount Outstanding Maximum Amount [...]
bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy. As part of the deal, bp is acquiring Cenovus's interest in the Bay du Nord project in Eastern Canada, adding to its sizeable acreage position offshore Newfoundland and Labrador. CALGARY, Alb., June 13, 2022 /PRNewswire/ -- bp will increase its acreage position offshore Eastern Canada and sell its [...]
Cenovus Energy Inc. announced that at its annual meeting of shareholders held on April 27, 2022, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 1, 2022 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 1,609,044,293 99.85 2,397,549 0.15 Canning K.N. Fok [...]
Cenovus Energy Inc. is further increasing shareholder returns on the strength of its balance sheet and ongoing reliability of its operating performance. The company's Board of Directors has approved tripling the base dividend starting with the second quarter of 2022, as well as a plan for additional increases to shareholder returns. Beyond the base dividend increase, Cenovus will target to return 50% of quarterly excess [...]
Cenovus Energy Inc. today announced a US$3 million donation to the Nature Conservancy of Canada as part of the company's updated social investment strategy. The donation to NCC, Canada's leading private land conservation organization, demonstrates Cenovus's commitment to protecting the planet for future generations. Cenovus's donation has been structured to trigger charitable donation matching programs in Canada and the [...]
Cenovus Energy Inc. will release its first-quarter results on Wednesday, April 27. The news release will provide consolidated first-quarter operating and financial information. Financial statements will be available on Cenovus's website, cenovus.com. Conference call: 9 a.m. MT To listen live: Dial 888-204-4368 or 647-794-4605. Access the live audio webcast here. Annual Meeting of Shareholders Cenovus's Annual Meeting of [...]
Cenovus Energy Inc. is announcing the suspension of its crude oil price risk management activities related to West Texas Intermediate . Given the strength of Cenovus's balance sheet and liquidity position, the company has determined these programs are no longer required to support financial resilience. Cenovus will remain well positioned to generate significant free funds flow over the long term. The company plans to [...]
Cenovus Energy Inc. delivered record oil sands production in the fourth quarter of 2021, contributing to total upstream output of more than 825,000 barrels of oil equivalent per day 1 and almost 792,000 BOE/d1 for the full year. The company generated fourth-quarter cash from operating activities of $2.2 billion and adjusted funds flow of $1.9 billion. With free funds flow of $1.1 billion in the quarter, and proceeds from [...]
Cenovus Energy Inc. will release its fourth quarter and full-year 2021 results on Tuesday, February 8. The news release will provide consolidated fourth quarter and full-year operating and financial information. The company's quarterly and 2021 financial statements will be available that day on Cenovus's website. Conference call: 9 a.m. MT To listen live: Dial 888-394-8218 or 647-484-0475. Access the live audio webcast [...]
Cenovus Energy Inc. announced today that on February 9, 2022 it will redeem the entire outstanding principal amount of its 3.80% notes due September 15, 2023 and 4.00% notes due April 15, 2024 . Cenovus has issued notice to the trustees of the Notes of its intent to redeem the Notes on the Redemption Date. On the Redemption Date, Cenovus will pay to the registered holders of the Notes a redemption price calculated in [...]
Cenovus Energy Inc. has reached an agreement to sell its Tucker thermal asset for total cash proceeds of $800 million. Proceeds from this transaction will further accelerate the company's reduction of net debt and enhance its capacity to increase shareholder returns. Including this transaction, the company expects to realize almost $2 billion of total proceeds from asset sales announced in 2021. "This is yet another [...]
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