Opinion: Cenovus takes $1.4-billion hit to exit oil hedges in sign of strength for company as prices soar - The Globe and Mail
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4/4/2022 12:00:00 AM3 years 1 month ago
by Andrew Willis
by Andrew Willis
Analysts estimate the company will generate more than $7-billion of cash this year, based on selling oil for US$95 a barrel
Cenovus CEO Alex Pourbaix speaks at a news conference in Calgary on Jan. 30, 2020.Jeff McIntosh/The Canadian Press Cenovus Energy Inc. CVE-T is taking an estimated $1.38-billion hit to exit its oil … [+4190 chars]
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