Strong bitumen blending prices will continue to hurt oil sands
Oil producer losses being magnified by high condensate costs.
Credit outlook worsens for some Canadian energy firms: S&P
Changes reflect greater risk resulting from persistent weakness in oil and natural gas prices.
Cenovus looks to raise raising $1.5B in common shares sale
Proceeds from the sale of 67.5 million shares will fund the company’s $1.8-billion to $2-billion capital expenditures for 2015.
AER approves Cenovus’ Telephone Lake oil sands project
Initial phases approved for production capacity of 90,000 bbls/d.