Thursday, July 25, 2019 2:41:38 PM
Cenovus Energy (CVE -2.7%) slides after Q2 earnings missed expectations, as Alberta's mandated production cuts affected results and higher Canadian crude prices hurt refining margins.
CVE says Q2 total production fell 14.5% Y/Y to 443.3K boe/day, also affected by a planned turnaround at its Christina Lake oil sands project.
Q2 refining and marketing operating margin fell 45% to $198M, primarily because of higher Canadian crude prices from the production cuts as well as higher operating costs and unplanned maintenance at its refineries.
CVE says it continues to pursue a diversified transportation strategy to get its oil to markets where it can achieve the highest price, includes its plan to ramp up its rail capacity to 100K bbl/day in 2019, which remains on schedule.
Recent CVE News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/01/2024 05:50:06 PM
- Cenovus announces second quarter 2024 results • GlobeNewswire Inc. • 08/01/2024 10:00:00 AM
- Cenovus to hold second-quarter conference call and webcast on August 1 • GlobeNewswire Inc. • 07/25/2024 08:15:19 PM
- Competition Act amendments silence Canadian businesses taking climate action • GlobeNewswire Inc. • 06/20/2024 11:10:19 PM
- Cenovus reports voting results of annual meeting of shareholders • GlobeNewswire Inc. • 05/01/2024 11:20:48 PM
- Cenovus announces first-quarter 2024 results • GlobeNewswire Inc. • 05/01/2024 10:00:06 AM
- Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on May 1 • GlobeNewswire Inc. • 04/24/2024 10:04:31 PM
- Cenovus to webcast Investor Day 2024 • GlobeNewswire Inc. • 02/27/2024 08:00:40 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/15/2024 07:58:59 PM
- Form 40-F - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)] • Edgar (US Regulatory) • 02/15/2024 07:26:37 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/15/2024 07:22:16 PM
- Cenovus announces fourth-quarter and full-year 2023 results • GlobeNewswire Inc. • 02/15/2024 11:00:45 AM
- Cenovus to hold fourth-quarter, full-year 2023 results conference call and webcast February 15 • GlobeNewswire Inc. • 02/09/2024 03:47:23 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/05/2024 10:03:06 PM
- Toronto Stocks Climb, Buoyed by Financials • Dow Jones News • 01/05/2024 05:37:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/14/2023 03:26:00 PM
- Cenovus announces 2024 budget • GlobeNewswire Inc. • 12/14/2023 11:00:55 AM
- Suncor Energy Restarting Production at Terra Nova • Dow Jones News • 11/27/2023 12:55:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/07/2023 02:48:41 PM
- Cenovus Energy announces renewal of share buyback program • GlobeNewswire Inc. • 11/07/2023 11:00:41 AM
- Form F-10 - Registration Statement for Securities of certain Canadian Issuers. • Edgar (US Regulatory) • 11/03/2023 09:26:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/02/2023 04:27:28 PM
- Cenovus announces 2023 third-quarter results • GlobeNewswire Inc. • 11/02/2023 10:00:06 AM
- Phillips 66's Asset Sale May Involve Refinery Joint Ventures With Cenovus, Sources Say -- OPIS • Dow Jones News • 10/31/2023 06:17:00 PM
- Phillips 66's Asset Sale May Involve Refinery JVs with Cenovus -- OPIS • Dow Jones News • 10/31/2023 06:16:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM