Cenovus Energy Inc. will have some difficult decisions to make given that estimates for its 2015 cash flow of roughly $1.5-billion implies a funding deficit of almost $1.2-billion after factoring in its dividend.
CALGARY - Six weeks after Cenovus Energy Inc. unveiled a pared back capital budget for 2015, the continued slide in oil prices has forced the oilsands major to announce Wednesday another $700 million in spending cuts and trim the number of contractors ...
Cenovus Energy Inc. will defer work on two expansion phases at its core thermal oilsands projects to reduce spending below the $2.1 billion that CEO Brian Ferguson said was �committed capital� during its last budget revision a month and a half ago.
Cenovus Energy Inc. is chopping spending by 15 per cent to around $2.6-billion in 2015, and warned it may cut deeper yet, in a clear sign that Canada's oil-patch heavyweights are feeling the strain of the dramatic drop in crude prices.
Cenovus Energy Inc. (TSX: CVE)(NYSE: CVE) is up 20% in the past two weeks. The company has weathered the storm in the oil market reasonably well and new investors are wondering if it is safe to buy the stock.
Cenovus Energy, Inc (NYSE:CVE) is Canadian integrated oil company. The Company's operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface.
Cenovus Energy logo Cenovus Energy (NYSE:CVE) was downgraded by equities research analysts at Citigroup Inc. from a �buy� rating to a �neutral� rating in a research note issued to investors on Thursday, TheFlyOnTheWall.