Oil Drop

• Calgary-based Cenovus Energy reports $1.8B first quarter loss as oil prices plunge

  Cenovus reported a $1.8-billion loss in its first quarter as oil prices fell due to a drop in demand as a result of the COVID-19 pandemic and a oil price war between Saudi Arabia and Russia.

  Economy

  Apr 29, 2020
  
• Economic ‘train wreck’ leaves Calgary-based Husky with $1.7B loss, prompts 90% dividend cut

  Husky slashed its dividend as it reported a $1.7-billion loss in its first quarter due to impairment charges related to the plunge in crude oil prices as a result of the COVID-19 pandemic.

  Economy

  Apr 29, 2020
  
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• Oilpatch stability rises as weaker ‘troubled children’ firms have already failed

  Mergers and acquisitions experts are predicting fewer Canadian oil and gas companies will go bust over the next year as most of the "troubled children" of the industry have already failed or been sold.

  Canada

  Nov 28, 2016
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• Cenovus reports $118M Q1 loss, staff down 31% compared to 2014

  Cenovus Energy Inc. reported a first-quarter loss of $118 million as it said its cost-cutting plan was on track.

  Money

  Apr 27, 2016
• Prentice second most popular premier, despite oil doom and gloom

  Despite Premier Jim Prentice's job approval dropping in recent months, he remains Canada’s second most popular premier, a survey shows.

  Politics

  Mar 19, 2015