Cenovus says that proceeds from the sale of Pipestone will go towards cutting the company’s $9.5 billion debt. Calgary Sun/Postmedia Network photo by Jim Wells. Pipestone, Wembley natural gas and liquids business located in northwestern Alberta [Read more]
According to a report by Reuters, ConocoPhillips is in talks with investment banks in preparation for the sale of its $2.6 billion stake in Cenovus Energy, a major Alberta oil sands company. Cenovus photo. Cenovus [Read more]
The chief executive of Cenovus Energy says Canadian rail companies have hired and are training crew and are reactivating a number of locomotives to handle increased oil by rail shipments in the second half of [Read more]
Cenovus opex costs already under $9/b, can it be reduced another 20% to 30%? In Part 1 of this column on Cenovus Energy, I reported on the company’s drive to lower it operating costs by [Read more]
Conoco’s sale of oil sands, natural gas assets to Cenovus motivated by business concerns, not policy A few weeks ago I wrote a column about how the purchase of $32 billion in oil sands assets [Read more]
Buying oil sands assets for $32 billion total makes CNRL, Cenovus world class energy companies Cenovus buys ConocoPhillips oil sands assets for $17.7 billion Wednesday. Last week CNRL buys Shell and Marathon assets for $14.4 [Read more]
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