Key Developments: Cenovus Energy Inc (CVE)

CVE on New York Consolidated

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28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Cenovus Energy Inc declares Q3 dividend
Thursday, 30 Jul 2015 06:00am EDT 

Cenovus Energy Inc:Has declared Q3 dividend of $0.16 per share.Dividend payable on Sept. 30 to common shareholders of record as of Sept. 15.  Full Article

Oilpatch pain persists as Cenovus Energy Inc to cut 300 to 400 more jobs this year - The Canadian Press
Wednesday, 29 Jul 2015 08:00pm EDT 

Cenovus Energy Inc:Says 300 to 400 workers will be let go from its Calgary office by year end as hopes for a quick recovery in oil prices evaporate - The Canadian Press.Says the cuts announced are on top of 800 positions Cenovus eliminated in Feb.  Full Article

Ontario teachers' to acquire Cenovus Oil and gas royalty business
Tuesday, 30 Jun 2015 06:00am EDT 

Cenovus Energy Inc:Says that Ontario teachers' to acquire Cenovus Oil and gas royalty business.Ontario teachers' to acquire Cenovus Oil and gas royalty business; $3.3 billion for heritage royalty partnership will provide long-term returns.Ontario teachers' pension plan agreement with Cenovus Energy Inc Cenovus) to acquire cenovus's wholly-owned subsidiary, heritage royalty lp.  Full Article

Cenovus Energy Inc buys rail loading terminal from Canexus for $75 million
Thursday, 4 Jun 2015 04:40pm EDT 

Cenovus Energy Inc:Agreed to purchase Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility, for $75 million, subject to adjustments.  Full Article

Cenovus announces closing of $1.5 billion bought-deal common share financing
Tuesday, 3 Mar 2015 07:56am EST 

Cenovus Energy Inc:Has closed its previously announced bought-deal common share financing.Total of 67.5 million common shares were sold at price of $22.25 per share for gross proceeds of about $1.5 billion.Cenovus intends to use net proceeds from Offering to partially fund company's previously announced $1.8 billion to $2.0 billion capital expenditure program for 2015, to repay commercial paper outstanding as it matures and for general corporate purposes.The Offering was made through syndicate of underwriters led by RBC Capital Markets and TD Securities Inc., and included BMO Capital Markets, CIBC World Markets Inc., Scotia Capital Inc., Barclays Capital Canada Inc., J.P. Morgan Securities Canada Inc.Merrill Lynch Canada Inc., Credit Suisse Securities (Canada) Inc., Morgan Stanley Canada Limited, AltaCorp Capital Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc., Cormark Securities Inc.FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Peters & Co. Limited, Raymond James Ltd., and UBS Securities Canada Inc.  Full Article

Cenovus Energy Inc announces bought-deal common share financing
Tuesday, 17 Feb 2015 04:22pm EST 

Cenovus Energy Inc:Enters into a bought-deal financing agreement to sell 67.5 mln common shares at a price of $22.25 per share.Net proceeds of the Offering, combined with the company's $3 bln of undrawn committed credit lines, provide Cenovus with a stronger balance sheet and financial flexibility to pursue its planned capital program.Offering will be made through a syndicate of underwriters led by RBC Capital Markets and TD Securities Inc.Gross proceeds from the Offering are expected to be about $1.5 bln.Offering is subject to customary closing conditions, including receipt of applicable regulatory and stock exchange approvals, and is expected to close on or about March 3, 2015.Cenovus has granted the Underwriters an Over-Allotment Option to purchase up to an additional 10.125 mln Common Shares at the offering price, exercisable for a period of 30 days after closing.If the Over-Allotment Option is exercised in full, the gross proceeds from the Offering are expected to be about $1.73 bln.Intends to use the net proceeds from Offering to partially fund the company's previously announced $1.8 bln to $2.0 bln capital expenditure program for 2015, repay commercial paper outstanding as it matures, and for general corporate purposes.  Full Article

Cenovus Energy Inc. to cut 800 jobs as losses deepen - Reuters
Thursday, 12 Feb 2015 01:08pm EST 

Cenovus Energy Inc:It will cut about 800 jobs and may slash its 2015 capital budget for a third time if oil prices continue to weaken - Reuters.It expects to cut about 15 percent of its workforce.Most of the cuts would come from contract staff associated with the projects it is delaying.  Full Article

Cenovus Energy Inc declares first quarter dividend
Thursday, 12 Feb 2015 06:00am EST 

Cenovus Energy Inc:Declared first quarter dividend of $0.2662 per share.Payable on March 31, to common shareholders of record as of March 13.  Full Article

Cenovus Energy Inc declares Q4 dividend
Thursday, 23 Oct 2014 06:00am EDT 

Cenovus Energy Inc:Declares a Q4 dividend of $0.2662 per share, payable on Dec. 31 to common shareholders of record as of Dec.15.  Full Article

Cenovus Energy Inc declares Q3 dividend
Tuesday, 29 Jul 2014 08:00pm EDT 

Cenovus Energy Inc:Declares a third quarter dividend of $0.2662 per share.Payable on Sept. 30 to common shareholders of record as of Sept. 15.  Full Article

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Cenovus Energy to cut jobs, dividend amid oil price slump

- Cenovus Energy Inc , Canada's No. 2 independent oil producer, on Thursday slashed its quarterly dividend by 40 percent and said it would cut 300 to 400 jobs to further reduce costs because of slumping crude prices.

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