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Cenovous Chops $100MM from 2017 Capex After Q3 Loss

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   |    Wednesday,November 22,2017

Cenovus reported its Q3 2017 results.

Highlights:

  • Increased third quarter cash from operating activities and adjusted funds flow by
  • 91% and 133% respectively, compared with the same period in 2016
  • Recorded a net loss of $69 million, a 73% improvement over Q3 2016
  • Retired $950 million of the company’s $3.6 billion asset-sale bridge facility
  • Reduced planned 2017 capital spending guidance by $100 million to $1.6 billion at the midpoint with no expected impact to production in core areas

 

 

 

 



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