Cenovus Energy

• Cenovus reports higher Q3 profits, Imperial Oil has mixed financial results

  Cenovus and Exxon both published their third-quarter financial results on Friday as world oil markets continue to be impacted by Trump tariffs and increased production from OPEC+.

  Economy

  Oct 31
  
• Cenovus ‘resolute in our commitment’ to MEG deal, CEO says

  Cenovus foresees no further wrinkles in its takeover bid for MEG Energy, a day after a shareholder meeting to approve the deal was delayed due to a last-minute regulatory issue.

  Money

  Oct 31
  
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• Cenovus Energy raises MEG Energy offer, wins support from Strathcona Resources

  Strathcona Resources, which recently dropped its own hostile all-stock offer for MEG Energy, now says it intends to vote its 14.2 per cent stake in favour of the new Cenovus bid.

  Money

  Oct 27
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• Cenovus delays MEG Energy shareholder vote of takeover offer

  The company said at the time of the postponement that about 63 per cent of the MEG shares represented by proxy or expected to be voted in person at the meeting backed the bid.

  Canada

  Oct 21
• Cenovus selling stake in two U.S. refineries to partner Phillips 66 for $1.9B

  Once the deal is complete, Cenovus said its downstream business will have total crude throughput capacity of 472,800 barrels per day.

  Money

  Sep 9
• Cenovus shuts in oilsands production at Christina Lake operations because of wildfires

  Thousands of residents have been affected by wildfires in Manitoba, Saskatchewan and Alberta.

  Fire

  Jun 2
• Cenovus Energy reports $820M Q3 profit, down from $1.86B last year

  Total upstream production in the quarter amounted to 771,300 barrels of oil equivalent per day, down from 797,000 a year earlier.

  Money

  Oct 31, 2024
• Northern Alberta hamlet of Conklin getting 21 new homes thanks to Cenovus donation

  The hamlet of Conklin is getting several new homes thanks to a $50 million project funded by Cenovus, which has several oil and gas operations in the northeastern Alberta region.

  Canada

  Sep 10, 2024
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• Cenovus Energy hits debt reduction target but pledges no change in strategy

  The CEO of Cenovus Energy Inc. said the company's recent debt repayment milestone will not mean changes to its near-term strategy.

  Money

  Aug 1, 2024
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• Cenovus demobilizes some oilsands site staff due to wildfire

  The Sunrise site lies about 60 kilometres northeast of Fort McMurray and produced about 48,900 barrels per day in 2023.

  Canada

  Jul 9, 2024