To startup its $675-million, 50,000-barrel-per-day Christina Lake phase G oil sands expansion project.
Foreign companies have also taken billions of dollars with them as they left the Canadian oilpatch.
Calgary-based company announced it will pay a quarterly dividend of 6.25 cents per share.
Newspaper ads ask readers to call on “leaders of all political stripes” to lend their support to the energy industry.
Comes 18 years after Foster Creek facility was launched as the first commercial oil sands project to use steam-assisted gravity drainage.
In Q1, improved commodity pricing drove a strong financial performance, and royalty payments of more than $190 million.”
Energy company showed a profit in Q1 compared to a loss a year ago.
Company is confident Alberta will encourage its as an alternative to delayed new export pipelines.
Price discounts are costing the Canadian economy as much as $80 million per day.
Sale to NuVista includes Pipestone and Wembley natural gas and liquids production, 39% interest in Wembley plant.
Joins other energy players that have reduced their exposure in the oil sands.
74 cent per share loss compared with a year earlier profit of $211 million or 25 cents per share.
Will consult with stakeholders on the viability of its $7.4-billion project with continuing opposition from the government.
Energy executive replaces Ivor Ruste who is set to retire on April 30.
As much as 30% more bitumen could be stuffed into existing pipelines if it is partially refined.