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News Breaks
May 1, 2013
14:15 EDTCVE, CVE, CVECenovus Energy has a conference call hosted by JPMorgan
JPMorgan Analyst Minyard will host a conference call with Bruce Niemeyer, Vice President, Appalachian/Michigan Business Unit on May 8 at 2:30 pm.
News For CVE From The Last 14 Days
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February 11, 2016
06:28 EDTCVECenovus Energy cutting dividend by 69% to C$0.05 per share
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06:27 EDTCVECenovus Energy to reduce workforce in FY16
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06:26 EDTCVECenovus Energy to defer scheduled turnaround at Foster Creek until 2017
Cenovus has identified further opportunities to reduce operating and G&A expenses by prioritizing repairs and maintenance and cancelling or deferring non-essential work, including the deferral of a scheduled turnaround at Foster Creek until 2017. The company plans to continue optimizing its processes to help realize greater efficiencies and is working with its suppliers and service providers to find additional opportunities to reduce costs and increase productivity.
06:26 EDTCVECenovus Energy to reduce capital spending by C$200M-C$300M
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06:26 EDTCVECenovus Energy cuts FY16 CapEx view to $1.2B-$1.3B, backs production view
Cenovus Energy is reducing planned capital spending by $200M-$300M compared with the company's original 2016 budget released in December. Cenovus now plans to spend $1.2B-$1.3B, 27% less than in 2015 and 59% below 2014 levels. The company is also targeting additional operating and G&A cost savings of $200M in 2016 to match expected activity levels. Planned capital budget reductions for 2016 include lower spending at Cenovus's Foster Creek and Christina Lake oil sands operations, its emerging oil sands assets and the company's conventional oil business. The planned capital spending reductions are expected to have minimal impact on the company's oilsands production for 2016, which is forecast to remain within guidance, at between 144K bbls/d and 157K bbls/d net.
06:23 EDTCVECenovus Energy reports Q4 EPS (C$0.53) vs. (C$0.78) last year
Reports Q4 production 199,556 bbls/d.
06:23 EDTCVECenovus Energy cuts dividend 69% to C$0.05 per share
Cenovus Energy is reducing its dividend by 69% from 4Q15. For 1Q16, the board has declared a dividend of C$0.05 per share, payable on March 31 to common shareholders of record as of March 15. Based on the February 10 closing share price on the TSE of C$13.52, this represents an annualized yield of about 1.5%.
06:21 EDTCVECenovus Energy reports Q4 operating EPS (53c), consensus (21c)
Reports Q4 total oil production of 199,556 bbls/d and natural gas production of 424 MMcf/d. Oil sands operating costs declined $3.37/bbl or 25% to $10.13/bbl in 2015. This included a 19% decrease in non-fuel operating costs to $7.66/bbl.

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