Cenovus Energy reports $69M detriment in 3rd quarter
Cenovus Energy Inc. says it mislaid $69 million in a latest entertain as it some-more than doubled a prolongation compared with a year ago, increased by a merger of many of a Canadian resources of ConocoPhillips progressing this year.
The association says a detriment amounted to 6 cents per share for a entertain finished Sept. 30 compared with a detriment of $251 million or 30 cents per share in a same entertain final year.
Revenue totalled $4.39 billion, adult from $2.95 billion, as prolongation averaged 590,851 barrels of oil homogeneous per day, adult from 273,405 a year ago.
Cenovus acquired of many of a Canadian resources of Houston-based ConocoPhillips in May.
The association has given been offered non-core resources and regulating a deduction to revoke a debt.
Cenovus announced progressing this week that Alex Pourbaix would turn a new boss and arch executive starting on Nov. 6. The former TransCanada Corp. executive will reinstate Brian Ferguson, who is timid after 33 years with Cenovus and a prototype companies.
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Article source: http://www.cbc.ca/news/canada/calgary/cenovus-energy-calgary-loss-3rd-quarter-production-1.4383610?cmp=rss