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Cenovus Energy Inc (CVE.TO)

CVE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cenovus Qtrly Loss Per Share From Continuing Operations $0.33
Thursday, 26 Jul 2018 

July 26 (Reuters) - Cenovus Energy Inc ::CENOVUS DELIVERS STRONG SECOND QUARTER.CENOVUS ENERGY INC - QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.33.CENOVUS ENERGY INC QTRLY ADJUSTED FUNDS FLOW EARNINGS PER SHARE $0.63.CENOVUS ENERGY INC - QTRLY OPERATING LOSS PER SHARE FROM CONTINUING OPERATIONS $0.24.CENOVUS ENERGY INC - QTRLY TOTAL PRODUCTION FROM CONTINUING OPERATIONS 518,530 MBOE/D VERSUS 322,792 MBOE/D.CENOVUS ENERGY INC - REMAINS SUPPORTIVE OF NEW PIPELINES,PIPELINE EXPANSIONS.CENOVUS ENERGY INC - HAS COMMITTED CAPACITY ON KEYSTONE XL PROJECT AND TRANS MOUNTAIN EXPANSION PROJECT.CENOVUS ENERGY INC - CONTINUES TO WORK WITH RAIL PROVIDERS TO RESOLVE A SHORTAGE OF LOCOMOTIVE HAULING CAPACITY.CENOVUS ENERGY INC - COMPANY EXPECTS ITS 2018 PRODUCTION TO REMAIN WITHIN GUIDANCE OF 202,000 TO 212,000 BBLS/D.  Full Article

Cenovus Energy Says Trans Mountain Expansion Project Still Faces Other Roadblocks In British Columbia
Wednesday, 30 May 2018 

May 29 (Reuters) - Cenovus Energy Inc ::CENOVUS ENERGY - TRANS MOUNTAIN EXPANSION PROJECT STILL FACES OTHER ROADBLOCKS IN BRITISH COLUMBIA THAT WILL NEED TO BE ADDRESSED QUICKLY.CENOVUS ENERGY- WILL BE LOOKING FOR MORE DETAILS TO ENSURE THAT COMMERCIAL TERMS WILL REMAIN REASONABLE ON THE TRANS MOUNTAIN EXPANSION PROJECT.  Full Article

Cenovus' 2018 Budget Continues Focus On Deleveraging
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Cenovus Energy Inc ::CENOVUS' 2018 BUDGET CONTINUES FOCUS ON DELEVERAGING.CENOVUS ENERGY INC - PLANS TO INVEST BETWEEN $1.5 BILLION AND $1.7 BILLION IN 2018.CENOVUS ENERGY INC - IS ALSO PLANNING ADDITIONAL WORKFORCE REDUCTIONS OF APPROXIMATELY 15%.CENOVUS ENERGY INC - IN 2018, COMPANY EXPECTS TO REDUCE ITS PER-BARREL OIL SANDS OPERATING COSTS BY 8% COMPARED WITH ITS 2017 FORECAST.CENOVUS ENERGY INC - IN 2018, COMPANY EXPECTS TO REDUCE ITS PER-BARREL OIL SANDS SUSTAINING CAPITAL COSTS BY 12% COMPARED WITH ITS 2017 FORECAST.CENOVUS - CONTINUES TO ADVANCE PLAN TO REDUCE NUMBER OF BUILDINGS OCCUPIED BY CALGARY STAFF.CENOVUS - REMAINS FOCUSED ON REDUCING REAL ESTATE COSTS THROUGH SUBLEASING PROGRAM & NOT RENEWING EXISTING LEASES AS THEY EXPIRE.CENOVUS ENERGY INC - CONTINUES TO TARGET A LONG-TERM DEBT RATIO OF LESS THAN TWO TIMES NET DEBT TO ADJUSTED EBITDA.CENOVUS ENERGY INC - 2018 CAPITAL BUDGET INCLUDES SUSTAINING CAPITAL OF APPROXIMATELY $780 MILLION, OR $5.50 PER BARREL OF INSTALLED CAPACITY.CENOVUS ENERGY SAYS IS FORECASTING AVERAGE OIL SANDS PRODUCTION OF 373,000 BBLS/D IN 2018, A 26% INCREASE COMPARED WITH ITS FORECAST 2017 PRODUCTION.CENOVUS SEES 2018 TOTAL PRODUCTION 483 - 510 MBOE/D.CENOVUS ENERGY INC SEES 2017 TOTAL PRODUCTION 459 - 492 MBOE/D.CENOVUS - EXPECTS TO HAVE COMPLETED SALE OF LEGACY CONVENTIONAL OIL AND NATURAL GAS ASSETS PRIOR TO 2017-END.CENOVUS ENERGY INC - IVOR RUSTE, COMPANY'S CHIEF FINANCIAL OFFICER, WILL RETIRE ON APRIL 30, 2018.  Full Article

Cenovus to sell interest in Weyburn asset for $940 mln
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Cenovus Energy Inc :Cenovus reaches agreement to sell interest in Weyburn asset for $940 million.Entered agreement to sell its majority interest in Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for $940 million​.Proceeds from Weyburn asset sale, 3 other divestitures, to help co retire $3.6 billion bridge facility for ConocoPhillips asset purchase by 2017​ end.  Full Article

Cenovus Q3 ‍loss per share $0.06​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Cenovus Energy Inc :Cenovus reports solid third quarter results.Cenovus Energy - ‍announced sale agreements for 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​.Cenovus Energy-‍reduced planned 2017 capital spending guidance by $100 million to $1.6 billion at midpoint with no expected impact to production in core areas​.Qtrly operating earnings per share $‍0.28​.‍q3 total natural gas 851 MMCF/d versus 392 MMCF/d​.Qtrly adjusted funds flow ‍per share $0.80​.Q3 ‍total oil and liquids 449,055 BBLS/d versus 208,072 BBLS/d​.Cenovus Energy Inc - ‍production at co's Christina Lake and Foster Creek oil sands operations rose to 362,494 bbls/d in q3 of 2017, up 136% Q3 2016.Qtrly ‍loss per share $0.06​.‍says to provide its 2018 budget overview later this year​.In final stages of an analysis of deep basin assets with a view to identifying non-core properties for potential sale​.‍declared a Q4 dividend of $0.05 per share​.Cenovus Energy-‍production at Cenovus's Christina Lake, Foster Creek oil sands operations rose to 362,494 BBLS/d in Q3, increase of 136% from last year.Q3 earnings per share view C$0.14 -- Thomson Reuters I/B/E/S.  Full Article

ConocoPhillips says committed to returns-focused strategy regardless of oil price
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - ConocoPhillips :Says committed to returns-focused strategy regardless of commodity price improvement.Says plans to exceed original oil production forecast despite capital budget cut.Says no water-borne oil exports from United States in third quarter.Says 'quite possible' might see quarterly distribution from Australia Pacific LNG joint venture in fourth quarter.Says does plan to start cutting stake in Cenovus Energy Inc <<>> after lock-up period ends in November.Says currently producing more than 30,000 barrels/day of oil in Libya.Says all gas from Australia Pacific LNG that's not sold domestically is under long-term contracts to customers in China and Japan.Says some Australia Pacific LNG customers exercised right to not take up to 10 percent of contracted cargos, making some LNG available for spot sale in 2018.  Full Article

Cenovus reaches agreement to sell Palliser assets for $1.3 bln
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Cenovus Energy Inc :Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus Energy Inc - ‍sale process for Cenovus's Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan is proceeding as expected​.Cenovus Energy Inc - ‍credit Suisse and Scotiabank acted as financial advisors to Cenovus for Palliser transaction​.Cenovus - proceeds from Palliser sale will be used to deleverage company's balance sheet​.Cenovus Energy Inc - ‍Cenovus anticipates reaching a sale agreement for Weyburn asset in Q4 of 2017​.Cenovus Energy Inc - ‍"we continue to target between $4 billion and $5 billion in announced asset sale agreements by end of year​".Cenovus Energy-anticipates reaching sale for its Weyburn asset in Q4 of 2017.Cenovus Energy Inc - ‍Cenovus has certain other non-core assets that are currently being evaluated for potential sale​.Cenovus Energy - agreement to sell its Palliser crude oil and natural gas assets in Southeastern Alberta to Torxen energy and Schlumberger​.  Full Article

CANADA STOCKS-Futures edge higher as global stocks rebound

Oct 12 (Friday) - Stock futures for Canada's main stock index edged higher on Friday, tracking global equity markets, which bounced back after a sharp selloff this week.