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Cenovus Energy Inc (CVE.TO)

CVE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cenovus to sell interest in Weyburn asset for $940 mln
Monday, 13 Nov 2017 04:38pm EST 

Nov 13 (Reuters) - Cenovus Energy Inc :Cenovus reaches agreement to sell interest in Weyburn asset for $940 million.Entered agreement to sell its majority interest in Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for $940 million​.Proceeds from Weyburn asset sale, 3 other divestitures, to help co retire $3.6 billion bridge facility for ConocoPhillips asset purchase by 2017​ end.  Full Article

Cenovus Q3 ‍loss per share $0.06​
Thursday, 2 Nov 2017 06:00am EDT 

Nov 2 (Reuters) - Cenovus Energy Inc :Cenovus reports solid third quarter results.Cenovus Energy - ‍announced sale agreements for Pelican Lake, Suffield and Palliser assets for combined gross cash proceeds of approximately $2.8 billion​.‍Cenovus continues to target $4 billion to $5 billion of cumulative announced sale agreements in 2017​.Cenovus Energy-‍reduced planned 2017 capital spending guidance by $100 million to $1.6 billion at midpoint with no expected impact to production in core areas​.Qtrly operating earnings per share $‍0.28​.‍q3 total natural gas 851 MMCF/d versus 392 MMCF/d​.Qtrly adjusted funds flow ‍per share $0.80​.Q3 ‍total oil and liquids 449,055 BBLS/d versus 208,072 BBLS/d​.Cenovus Energy Inc - ‍production at co's Christina Lake and Foster Creek oil sands operations rose to 362,494 bbls/d in q3 of 2017, up 136% Q3 2016.Qtrly ‍loss per share $0.06​.‍says to provide its 2018 budget overview later this year​.In final stages of an analysis of deep basin assets with a view to identifying non-core properties for potential sale​.‍declared a Q4 dividend of $0.05 per share​.Cenovus Energy-‍production at Cenovus's Christina Lake, Foster Creek oil sands operations rose to 362,494 BBLS/d in Q3, increase of 136% from last year.Q3 earnings per share view C$0.14 -- Thomson Reuters I/B/E/S.  Full Article

ConocoPhillips says committed to returns-focused strategy regardless of oil price
Thursday, 26 Oct 2017 01:06pm EDT 

Oct 26 (Reuters) - ConocoPhillips :Says committed to returns-focused strategy regardless of commodity price improvement.Says plans to exceed original oil production forecast despite capital budget cut.Says no water-borne oil exports from United States in third quarter.Says 'quite possible' might see quarterly distribution from Australia Pacific LNG joint venture in fourth quarter.Says does plan to start cutting stake in Cenovus Energy Inc <<>> after lock-up period ends in November.Says currently producing more than 30,000 barrels/day of oil in Libya.Says all gas from Australia Pacific LNG that's not sold domestically is under long-term contracts to customers in China and Japan.Says some Australia Pacific LNG customers exercised right to not take up to 10 percent of contracted cargos, making some LNG available for spot sale in 2018.  Full Article

Cenovus reaches agreement to sell Palliser assets for $1.3 bln
Thursday, 19 Oct 2017 06:00am EDT 

Oct 19 (Reuters) - Cenovus Energy Inc :Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus Energy Inc - ‍sale process for Cenovus's Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan is proceeding as expected​.Cenovus Energy Inc - ‍credit Suisse and Scotiabank acted as financial advisors to Cenovus for Palliser transaction​.Cenovus - proceeds from Palliser sale will be used to deleverage company's balance sheet​.Cenovus Energy Inc - ‍Cenovus anticipates reaching a sale agreement for Weyburn asset in Q4 of 2017​.Cenovus Energy Inc - ‍"we continue to target between $4 billion and $5 billion in announced asset sale agreements by end of year​".Cenovus Energy-anticipates reaching sale for its Weyburn asset in Q4 of 2017.Cenovus Energy Inc - ‍Cenovus has certain other non-core assets that are currently being evaluated for potential sale​.Cenovus Energy - agreement to sell its Palliser crude oil and natural gas assets in Southeastern Alberta to Torxen energy and Schlumberger​.  Full Article

Cenovus Energy says files for mixed shelf of up to $7.5 bln
Thursday, 28 Sep 2017 05:34pm EDT 

Sept 28 (Reuters) - Cenovus Energy Inc :Cenovus Energy Inc - files for mixed shelf of up to $7.5 billion - SEC Filing‍​.  Full Article

Cenovus reaches agreement to sell Suffield assets for $512 bln
Monday, 25 Sep 2017 02:01am EDT 

Sept 25 (Reuters) - Cenovus Energy Inc - :Cenovus reaches agreement to sell Suffield assets for more than half a billion dollars.Cenovus Energy - To sell Suffield crude oil and natural gas operations in southern Alberta to International Petroleum Corp for cash proceeds of $512 million.Cenovus Energy - Net proceeds from the Suffield sale will be applied to reduce company's $3.6 billion asset-sale bridge facility.  Full Article

Cenovus to sell Pelican Lake assets for about $1 bln
Tuesday, 5 Sep 2017 06:00am EDT 

Sept 5 (Reuters) - Cenovus Energy Inc ::Cenovus reaches agreement to sell Pelican Lake assets for approximately $1 billion.Cenovus- proceeds from sale to be applied against $3.6 billion asset-sale bridge facility to fund asset acquisition from Conocophillips earlier this year.Cenovus Energy Inc - company intends to retire first tranche of Bridge facility.Cenovus Energy - ‍to sell Pelican Lake heavy oil operations, other miscellaneous assets in northern Alberta for gross cash proceeds of $975 million​.  Full Article

Cenovus up as much as 6 pct after Reuters report on bids for assets
Friday, 4 Aug 2017 12:16pm EDT 

Aug 4 (Reuters) - Cenovus Energy Inc :Shares up as much as 6 percent after Reuters report on bids for Pelican Lake, Suffield assets.  Full Article

Cenovus says asset divestiture could exceed C$5 billion
Thursday, 27 Jul 2017 11:48am EDT 

July 27 (Reuters) - Cenovus Energy Inc :Chief Executive Ferguson says will announce sale agreement for Suffield and Pelican Lake assets in third quarter.Cenovus CEO Ferguson says will have update on sales of Weyburn and Palliser oil assets in fourth quarter.For new CEO, Cenovus says looking for candidate focused on cost and would carry on company's current plans.Says asset divestiture to cut debt for Conocophillips <<>> acquisition could exceed C$5 billion.  Full Article

Cenovus Reports Q2 EPS c$2.37
Thursday, 27 Jul 2017 06:00am EDT 

July 27 (Reuters) - Cenovus Energy Inc :Cenovus delivers strong second quarter performance.Q2 operating earnings per share c$0.36.Q2 earnings per share c$2.37.Q2 earnings per share view c$0.02 -- Thomson Reuters I/B/E/S.‍Reduced planned 2017 capital spending by approximately $200 million to $1.7 billion at midpoint​.In Q2, production averaged 153,953 bbls/d, a 97 pct increase from same period in 2016 for Christina Lake.Qtrly total oil and liquids production 333,664​ BBLS/D versus 198,080 BBLS/D last year.‍brian Ferguson will retire as president & chief executive officer and as a director of company on October 31, 2017​.Cenovus has updated its capital spending guidance for 2017.‍Ferguson will continue in an advisory role reporting to board chair until March 31, 2018​.‍Has engaged an executive search firm which is currently conducting a global search for a new chief executive officer​.Total planned capital expenditures have been reduced by approximately $200 million at midpoint of range for 2017.‍Production averaged 107,859 BBLS/D in Q2, 67 pct higher than in same period of 2016 for foster creek​.Qtrly ‍adjusted funds flow per share $0.71​.‍Cenovus continues to target between $4 billion and $5 billion in announced asset sale agreements during 2017​.  Full Article

Deals of the day-Mergers and acquisitions

Nov 15 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: