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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.
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.
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.
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 ...
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 ...
Bullish on Western Refining
From the high of $65.23 (U.S.) in 2007 (not shown), Western Refining Inc. declined to $4.50 (A) then rallied to $16.30 (B).
CNOOC to Acquire Nexen for $15.1B
China-based CNOOC Limited will expand its international business and resource base by acquiring Calgary-based Nexen Inc. in an acquisition valued at $15.1 billion.
Antenna Heat Fuels Oil Sands Recovery Process
A new process that uses antenna heat to enhance oil sands recovery has been successfully tested by a consortium that includes Laricina Energy, Nexen, Suncor Energy, and Harris Corporation, with plans for a pilot project to be conducted next year.