Cenovus announces asset sales of nearly $660 million [MarketWatch]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: MarketWatch
CALGARY, Alberta, Nov 30, 2021 (GLOBE NEWSWIRE via COMTEX) -- CALGARY, Alberta, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660 million, allowing the company to further focus the portfolio, accelerate deleveraging and support increasing shareholder returns. "This is another demonstration of Cenovus delivering on opportunities to continue to optimize our portfolio and unlock value from assets that will not attract significant investment in our business," said Alex Pourbaix, Cenovus's President & Chief Executive Officer. "With these latest transactions, we now expect to realize more than $1.1 billion of total proceeds from sales announced in 2021." In November Cenovus announced the substantial achievement of its interim net debt target of $10 billion, the doubling of its quarterly dividend as o
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CVE
Earnings
- 2/15/24 - Beat
CVE
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- CVE's page on the SEC website