Cenovus Energy Inc news

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CVE 19.38 +0.03 (0.16%)
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Cenovus Q2 profit declines 40% as oil prices slide
Cenovus Energy Inc., the oil-sands producer with the best risk-adjusted returns among peers, said second-quarter profit declined 40% as crude prices fell.
Suncor, Cenovus work around crude oil discount
Integrated producers such as Suncor Energy Inc. and Cenovus Energy Inc. are countering the slump in Canadian crude prices by cutting costs, shipping by rail and maxing out capacity at refineries.
Suncor pulls back on growth ambitions
Take Cenovus Energy Inc., which has gone so far as to run its own assembly yard to keep costs down. Its older Christina Lake project requires prices of $35 (U.
Cenovus donation of $1.5 million helps create new city park
In addition to the gift, Cenovus announced that, for the first time, the company will be entering a float in the Stampede parade on July 6. Cenovus already has a strong relationship with the Calgary Stampede through a significant corporate sponsorship.
Beware the value trap: Oil stocks are not as cheap as they look
When oil prices fall, so do energy shares. Using history as a guide, if you expect oil prices to increase, then investing in oil company stocks is a good idea. If this is your view, oil stocks qualify as value stocks at current prices, because their P ...
Where are the gains for Canada in CNOOC-Nexen deal?
Merger and acquisition activity in the past 15 years has left only five sizable Canadian energy producers. Of these, only three have oil sands exposure: Suncor Energy Inc., Canadian Natural Resources Ltd.
Investors prefer ethical ETFs over vice funds
The top 10 stocks include Canada's big banks, Canadian National Railway Co., and energy mainstays such as Enbridge Inc. and Cenovus Energy Inc. It carries an expense ratio of 0.55%. “There have been a few ETFs we had high hopes for that haven't been ...
Inter Pipeline Fund to launch $2.1 billion expansion
CALGARY - Inter Pipeline Fund announced a $2.1 billion expansion plan to its Alberta bitumen and diluent pipeline systems, the largest in its history, to be anchored by oilsands players Cenovus Energy and ConocoPhillips. The expansions to the Calgary ...
The Hunt to Unlock Oil Sands
Laricina is one of several companies including Royal Dutch Shell PLC, Athabasca Oil Corp. and Husky Energy Inc. that are adapting SAGD technology to rock formations like the Grosmont and trying out new enhancements to cut the use of fresh water and ...
First Nations Hold the Cards in Northern Gateway Battle with Enbridge
The importance of sending Canadian oil to the West Coast will make sure these guys will be pretty patient." Backers include Cenovus Energy Inc., Suncor Energy Marketing Inc., Total E&P Canada and Nexen Inc., which was acquired by the state-controlled ...