Cenovus

Canadian Natural Resources Buys Assets from Cenovus for $975 Million

September 5, 2017

Canadian Natural Resources Limited (ticker: CNQ) has entered into an agreement to acquire heavy oil assets in the Greater Pelican Lake region and other miscellaneous assets in northern Alberta from Cenovus Energy Inc. (ticker: CVE), for gross cash consideration of $975 million. The assets generate production of approximately 19,600 BOEPD, Canadian Natural Resources said in a press release. Cenovus plans

$10.5 Billion Raised by Canadian Oil and Gas Companies so Far in 2015

July 6, 2015

Debt and equity raises rebound following the end of 2014 Publicly-listed Canadian oil and gas companies raised $10.5 billion in debt and equity raises in the first half of 2015, nearly in-line with the previous year before oil prices tumbled, reports The Financial Post. The money raised by Canadian companies represented a 28% increase from the second half of 2014

Cenovus Sells Oil and Gas Royalty Unit for $3.3 Billion

June 30, 2015

In an effort to strengthen its balance sheet, Cenovus (ticker: CVE) has sold its royalty unit to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. The unit, named Heritage Royalty Limited Partnership (HRP), is a wholly owned subsidiary consisting of 4.8 million gross acres of royalties and mineral fee titles in Alberta, Manitoba and Saskatchewan.

Cenovus Reports Q1

April 29, 2015

Cenovus first-quarter oil sands production up 20% Oil sands per-unit operating costs decline 31% Combined oil sands production averaged more than 144,000 barrels per day (bbls/d) net in the first quarter, up 20% from the same period in 2014. Total oil production was more than 218,000 bbls/d, 11% higher than in 2014. Upstream per-unit operating costs declined 23%, including a

Canadian Natural Resources Buys Assets from Cenovus for $975 Million

$10.5 Billion Raised by Canadian Oil and Gas Companies so Far in 2015

Cenovus Sells Oil and Gas Royalty Unit for $3.3 Billion

Cenovus Reports Q1

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