'Zombie Fires' Smoldering Near Oil and Gas Wells Threaten Canada's Drillers [Financial Post (Toronto, Ontario, Canada)]
Cenovus Energy Inc (CVE)
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Source: Financial Post
Leftover blazes from last year's record wildfire season in Canada are threatening to knock out almost three per cent of the country's natural gas production. A total of 50 so-called zombie fires still smouldering beneath layers of snow are located near oil and gas wells and other production facilities, according to government data analyzed by Bloomberg News. Those sites yield natural gas equivalent to about 80,000 barrels a day of oil in Canada's energy heartland of Alberta alone, in addition to almost 14,000 barrels a day of crude. Article content Article content Companies most at risk of disruptions include Tourmaline Oil Corp., the country's biggest gas driller, as well as oil-sands giant Cenovus Energy Inc. and Paramount Resources Ltd. Smaller explorers could also be affected, including closely held Westbrick Energy Ltd. The residual blazes underscore how Canada's energy industry — underpinned by an oil-sands sector that produces some of the world's dirtiest crudes — is
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News
- Trans Mountain pipeline expansion project ushers in new era for oil sands hub Fort McMurray [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Trans Mountain pipeline project ushers in new era for oilsands hub Fort McMurray [BNN Bloomberg (Canada)]BNN Bloomberg
- Trans Mountain pipeline project ushers in new era for oilsands hub Fort McMurray [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Cenovus subsidiary fined $1.83 mln for 2018 Canada oil spill [Reuters]Reuters
- Cenovus fined $2.5-million for role in biggest oil spill in Newfoundland and Labrador history [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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