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0.00126382306477091 0.00126382306477091 0.000631911532385453 0.00031595576619267 0.00315955766192726 0.00789889415481832 0.00315955766192726 0.0132701421800947
Stock impact report

Cenovus stock falls after Q3 profit drops 56% year-over-year [Yahoo! Finance Canada]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Calgary-based Cenovus reported $820 million in net income for the three months ending Sept. 30, a 56 per cent year-over-year drop from $1.86 billion. Benchmark oil and gas prices slipped during the quarter, with Canadian natural gas sinking to its lowest level in more than two years. Cenovus says total upstream production fell by more than 29,500 barrels of oil equivalent (boe) on a quarterly basis, largely due to turnaround activity at its Christina Lake oil sands facility. While overall refining throughput increased in the third quarter, a major turnaround at the Lima refinery in Ohio resulted in the plant running at reduced rate, causing U.S. refining to drop by 25,400 boe versus the second quarter. “The third quarter was a very heavy maintenance period scheduled across both the upstream and the downstream,” CEO Jon McKenzie said on a Tuesday morning conference call with analysts. “With planned upstream and downstream maintenance activities behind us, we're well positioned to Show less Read more
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