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Stock Market & Financial Investment News

News Breaks
March 22, 2013
14:45 EDTCVE, CVE, CVECenovus Energy has a conference call hosted by JPMorgan
JPMorgan Analyst Minyard will host a conference call with Harbir Chhina, Executive Vice-President, Oil Sands on March 27 at 3 pm.
News For CVE From The Last 14 Days
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September 25, 2014
12:10 EDTCVECenovus Energy downgraded to Hold from Buy at Societe Generale
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September 23, 2014
10:02 EDTCVEOn The Fly: Analyst Initiation Summary
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06:07 EDTCVECenovus Energy initiated with an Overweight at JPMorgan
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September 17, 2014
17:06 EDTCVECenovus Energy provides update on Foster Creek
Cenovus Energy achieved first oil production at its recently-completed Foster Creek phase F expansion earlier this month. Phase F is expected to add 30,000 bbls/d of capacity, with production ramping up over the next 12 to 18 months. By year-end, production from phase F is expected to be approximately 5,000 bbls/d. Phases G and H are under construction and are expected to add another 30,000 bbls/d each with first production anticipated in late 2015 and 2016, respectively. This will bring total expected gross production capacity at Foster Creek to 210,000 bbls/d. Following the completion of phases F, G and H, optimization work is expected to increase total capacity by another 15,000 to 35,000 bbls/d. Cenovus expects the F, G and H expansion and optimization projects can be completed with capital costs of between $35,000-$38,000 per incremental barrel, better than industry average.

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