News: Cenovus Energy Inc (CVE)

CVE on New York Consolidated

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24 Apr 2015
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Thu, Apr 23 2015

Canada's Cenovus hires bankers to explore sale/IPO of some assets

April 23 - Cenovus Energy Inc, Canada's second-largest independent oil producer, has hired bankers to explore a sale or initial public offering of its royalty lands in Western Canada, a company spokesman told Reuters.

Cenovus to raise up to C$1.73 bln through share sale

CALGARY, Alberta, Feb 17 - Cenovus Energy Inc , Canada's No. 2 independent oil producer, said on Tuesday it has agreed to sell 67.5 million shares to a group of underwriters as it seeks to raise about C$1.5 billion ($1.21 billion) for its 2015 capital spending budget as oil prices remain weak.

Hercules Offshore cuts jobs, salaries to rein in costs

- Rig contractor Hercules Offshore Inc said it slashed its workforce by nearly a third and cut salaries, as the company keeps a tight leash on costs to counter a fall in demand due to a slump in crude oil prices.

UPDATE 3-Hercules Offshore cuts jobs, salaries to rein in costs

* Shares rise as much as 13 pct (Adds details from conference call, updates shares)

UPDATE 2-Canada's Cenovus Energy to cut 800 jobs as losses deepen

CALGARY, Alberta, Feb 12 - Cenovus Energy Inc , Canada's second-largest independent oil producer, said on Thursday it will cut about 800 jobs and may slash its 2015 capital budget for a third time if oil prices continue to weaken.

Cenovus Energy says it has room for further spending cuts

CALGARY, Alberta, Feb 12 - Cenovus Energy Inc , Canada's No. 2 independent oil producer, said on Thursday that it could cut another C$500 million ($400.6 million) from its 2015 capital spending budget if oil prices fall further.

Cenovus Energy to cut 15 pct jobs, reports bigger loss

Feb 12 - Cenovus Energy Inc, Canada's second-largest independent oil producer, said it would cut 15 percent jobs and reported a much bigger quarterly loss, hurt by weak oil prices.

UPDATE 2-Cenovus Energy deepens 2015 budget cuts as oil prices dive

Jan 28 - Cenovus Energy Inc Canada's No. 2 independent oil producer, cut its 2015 capital budget by C$700 million ($562.5 million) on Wednesday, blaming plunging crude oil prices.

Oil producer Cenovus Energy cuts 2015 capital spending

Jan 28 - Cenovus Energy Inc, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices.

UPDATE 2-Cenovus Energy cuts oil sands spending, keeps dividend

Dec 11 - Cenovus Energy Inc, Canada's No. 2 independent oil producer, said on Thursday it plans to live within its means next year to cope with weak oil prices, cutting capital spending by 15 percent and slowing the expansion of its suite of oil sands projects in northern Alberta.

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